Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 4, Problem 4.2CCQ
Summary Introduction

To discuss: The meaning of discounted cash flow.

Introduction:

Present value refers to the current worth of the future cash inflows after discounting with a discount rate.

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