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Which of the following statements regarding the CAPV model is NOT accurate? a. CAPV stands for compressed adjusted present value. b. The CAPV model allows
Which of the following statements regarding the CAPV model is NOT accurate?
a. CAPV stands for compressed adjusted present value.
b. The CAPV model allows risky debt with a nonzero debt beta.
c. The CAPV model assumes that the tax shield should be discounted at the cost of debt.
d. The CAPV model allows nonzero growth.
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