=6/A financial asset if the present value of future flows is positive (which it is for the

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=6/A financial asset if the present value of future flows is positive (which it is for the investor), and a liability if not (which is the case for the issuer).

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Corporate Finance Theory And Practice

ISBN: 9781118849330

4th Edition

Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

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