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Under the cash-flow-based valuation approach, free cash flows can be used instead of dividends as the expected future payoffs to the investor in the numerator
Under the cash-flow-based valuation approach, free cash flows can be used instead of dividends as the expected future payoffs to the investor in the numerator of the general valuation model because:
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Internal Audit Efficiency Through Automation
Authors: David Coderre
1st Edition
0470392428, 978-0470392423
