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Free cash flow (FCF) is the amount of wealth A. A firm generates for equityholders B. A firm generates for debtholders C. A firm generates

Free cash flow (FCF) is the amount of wealth

A.

A firm generates for equityholders

B.

A firm generates for debtholders

C.

A firm generates for all its investors: holders of equity, bond, preferred stock, etc.
D.

A firm would generate and available for distribution to all investors if the firm were not using any debt

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