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Intrinsic value: is the sum of the present value of all future cash flows. is the same as price, if the market is in equilibrium.

Intrinsic value:

is the sum of the present value of all future cash flows.

is the same as price, if the market is in equilibrium.

is an estimate of price.

depends on the size, timing, and risk of future cash flows.

All of the answers are correct.

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