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The so-called "cash flow" (net income plus depreciation) is a flow of cash, but is it a flow to the shareholders or to the company?
Suppose that net income plus depreciation is a flow is an enormous mistake.
It would be surprising if someone took the sum of two parameters whose meaning is doubtful and whose magnitude is discretional and known as it a "cash flow."
Characteristics of Hedge Funds Hedge Funds are commonly referred to as "absolute return strategies", which means that many are designed to seek positive returns in most market
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We have seen computation of present value using single discount rate. But the right way to value a cash flow of a bond is to use multiple discount rates, i.e valuing th
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