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The present value of cash flows to be received in the near term: Is less volatile than the present value of cash flows to received

The present value of cash flows to be received in the near term:

Is less volatile than the present value of cash flows to received further in the

future.

Is equally volatile as the present value of cash flows to received further in the

future

Is more volatile than the present value of cash flows to received further in the

future

Has no relationship to the present value of cash flows to received further in

the future

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