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Question 3 Which of the following does NOT make sense? O Future cash flows can be hard to estimate All of these make sense 2

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Question 3 Which of the following does NOT make sense? O Future cash flows can be hard to estimate All of these make sense 2 pts O Cash flows further in the future have lower present values The discounted cash flow method is easy to use but the market price does not necessarily have to gravitate toward the fair value price we calculated The fair value that we calculate from the discounted cash flow model is very sensitive to interest rate changes

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