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If a low cash flow this year makes a low cash flow next year more likely to occur, this means the project cash flows tend to be _____________.   a. more predictable   b. independent of each other   c. more volatile   d. Correlated

If a low cash flow this year makes a low cash flow next year more likely to occur, this means the project cash flows tend to be _____________.   a. more predictable   b. independent of each other   c. more volatile   d. Correlated

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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If a low cash flow this year makes a low cash flow next year more likely to occur, this means the project cash flows tend to be _____________.

  a.

more predictable
  b.

independent of each other
  c.

more volatile
  d.

Correlated
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