Question
In capital budgeting, nominal cash flows should be discounted with nominal cost of capital (including the expected inflation rate), and real cash flows should be
In capital budgeting, nominal cash flows should be discounted with nominal cost of capital (including the expected inflation rate), and real cash flows should be discounted with real cost of capital (excluding the expected inflation rate).
A) True
B) False
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
