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1. Describe the concept of terminal value as it applies to a series of multiple cash flows (i.e. a perpetuity) 2. A company has a

1. Describe the concept of terminal value as it applies to a series of multiple cash flows (i.e. a perpetuity)
2. A company has a large balloon payment of 3$ million coming due in 2023. What would be the most logical step the company should take to make sure it has funds on hand to meet this obligation when this payment comes due?

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