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QUESTION
It is said that the current value of a financial asset (stock or bond as an example) is just the present value of expected future cash flows (and any...
It is said that the current value of a financial asset (stock or bond as an example) is just the present value of expected future cash flows (and any returning lump sum)...
Do you agree with this statement...? (why/why not) and...'what' does the impact of inflation have (if any) on said valuation(s)...?
