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If the current market price of corn is $100 per bushel and the nominal rate of interest is 10 percent, then the real price of
If the current market price of corn is $100 per bushel and the nominal rate of interest is 10 percent, then the real price of corn next period should also be $100. (CSLO 5)
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Terminal-year free cash flows do not differ from the cash flows provided in the typical year of a project for reasons such as the return/repayment of increases/reductions in additional working capital in the prior years. (CSLO 5)
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