EBK FUNDAMENTALS OF CORPORATE FINANCE A
EBK FUNDAMENTALS OF CORPORATE FINANCE A
10th Edition
ISBN: 8220102801363
Author: Ross
Publisher: YUZU
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Chapter 5, Problem 5CRCT
Summary Introduction

To critically think about: The deceptive advertising

Introduction:

Present value refers to the current worth of the future cash inflows after discounting with a discount rate. As the value of present dollar is more than the future dollar, the future values tend to be higher than the present values. This might lead to deceptive advertising.

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