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4. Which of the following statements is false? a. Present value and interest rates are inversely related assuming interest rate is always positive b. If

4. Which of the following statements is false? a. Present value and interest rates are inversely related assuming interest rate is always positive b. If compounding frequencies increase, future value increases c. When expected rate of return increases, the price of investment also increases d. Before-tax WACC is lower than after-tax WACC

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