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What is the purpose of a Discounted Cash Flow model? What are the three main inputs (parameters or assumptions) of a Discounted Cash Flow model?

What is the purpose of a Discounted Cash Flow model? What are the three main inputs (parameters or assumptions) of a Discounted Cash Flow model? The Discounted Cash Flow model does not apply to certain assets. What are these assets missing?

 

Provide two reasons to invest in common stocks.

 

Provide two reasons to invest in debt securities.

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