Question
Explain the horizon value when applied to FCF and dividends. Also show the equation used for each. Are stock values more affected by short-term cash
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Explain the horizon value when applied to FCF and dividends. Also show the equation used for each.
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Are stock values more affected by short-term cash flows or by long-term cash flows? Explain.
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Describe two reasons why managers might focus on quarterly earnings.
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
