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Using the discounted cash flow method, an investor calculates the intrinsic value of a company that is below the current market price. By investing in

Using the discounted cash flow method, an investor calculates the intrinsic value of a company that is below the current market price. By investing in this company at the current price, the expected alpha of the investment is ____?

a. Equal to the discount rate used in calculating the present value of the cash flows

b. Less than zero

c. Greater than zero

d. Equal to zero

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