2. The fundamental principle of valuation is that the value of any financial asset is the present...
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2. The fundamental principle of valuation is that the value of any financial asset is the present value of the expected cash flow, where the cash flow is the cash that is expected to be received each period from an investment.
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Measuring And Controlling Interest Rate And Credit Risk
ISBN: 9780471268062
2nd Edition
Authors: Frank J. Fabozzi, Steven V. Mann, Moorad Choudhry
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