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Cash flows occurring in different periods should not be compared unless: a. higher rates of interest can be earned on the cash flows. b. the
Cash flows occurring in different periods should not be compared unless:
a.
higher rates of interest can be earned on the cash flows.
b.
the cash flows are all equal.
c.
interest rates are expected to be stable.
d.
the cash flows have been discounted to a common date.
e.
the cash flows occur no more than one year from each other.
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