Question
When discounting cash flows: A. discount real cash flows using the cost of equity B. discount real cash flows using a nominal rate of return
When discounting cash flows:
A. discount real cash flows using the cost of equity
B. discount real cash flows using a nominal rate of return
C. discount nominal cash flows using a nominal rate of return
D. discount nominal cash flows using the cost of debt
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Inflation Growth And International Finance
Authors: Alec Cairncross
1st Edition
113865308X, 978-1138653085
