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Holding all other variables constant, increasing the number of discounting periods (from 1 per year to 12 times per year) results in __________ present value?
Holding all other variables constant, increasing the number of discounting periods (from 1 per year to 12 times per year) results in __________ present value?
a. lower
b. higher
c. the same
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Entrepreneurial Finance Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
