Question: } What is the difference between book value and market value? Which should we use for decision making purposes? } What is the difference between

}What is the difference between book value and market value? Which should we use for decision making purposes?

}What is the difference between accounting income and cash flow? Which do we need to use when making decisions?

}What is the difference between average and marginal tax rates? Which should we use when making financial decisions?

}How do we determine a firm's cash flows? What are the equations, and where do we find the information?

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