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The rate used to discount expected cash flows should consider only the pure rate of interest, the inflation rate, and the credit risk rate. inflation
The rate used to discount expected cash flows should consider only the
pure rate of interest, the inflation rate, and the credit risk rate.
inflation rate and the credit risk rate.
pure rate of interest.
pure rate of interest and the inflation rate.
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
