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In a general sense, the value of any financial asset is the... Select one: a . the amount of the cash flows received b .

In a general sense, the value of any financial asset is the...

Select one:

.

the amount of the cash flows received

.

the present value of the future cash flows

.

the future value of past cash flows and price increases

.

the future value of expected cash flows

.

none of the above

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