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The greater the uncertainty about an asset s future benefits: the lower the discount rate investors will apply when discounting those benefits to the present
The greater the uncertainty about an assets future benefits: the lower the discount rate investors will apply when discounting those benefits to the present the higher the discount rate investors will apply when discounting those benefits to the present the greater the present value of those benefits the lesser the present value of those benefits
The greater the uncertainty about an assets future benefits:
the lower the discount rate investors will apply when discounting those benefits to the present
the higher the discount rate investors will apply when discounting those benefits to the present
the greater the present value of those benefits
the lesser the present value of those benefits
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