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The present value of a cash flow, which is expected at some point in the future, increases a. the higher the discount rate and the

The present value of a cash flow, which is expected at some point in the future, increases

a.

the higher the discount rate and the more frequent the compounding

b.

the higher the discount rate and the less frequent the compounding

c.

the lower the discount rate and the more frequent the compounding

d.

the lower the discount rate and the less frequent the compounding

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