Documents The value of any stock, bond or business today is determined by the cash inflows or outflows –...

Slide 1 The value of any stock, bond or business today is determined by the cash inflows or outflows – discounted by an appropriate discount rate – that can be expected…

Documents The value of any stock, bond or business today is determined by

The value of any stock, bond or business today is determined by the cash inflows or outflows – discounted by an appropriate discount rate – that can be expected to occur…