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Ch_4_Economic_Equivalence

Ch_4_Economic_Equivalence - Economic Equivalence IE 226 1...

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1 Economic Equivalence IE 226 IE 226 2 Principle 1 Principle 1 Economically Equivalent cash flows have the same monetary value at the same point in time If two sets of cash flows are redrawn as their single period cash flow equivalents at the same period in time, and these cash flow equivalents are the same, then the original sets of cash flows are equivalent
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