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Question
The alternative continuing-value measure CVt = (NOPLATt+1)/WACC depends on the assumption that:
a) Excess profits will be competed away.
b) WACC is greater than the inflation rate.
c) NOPLATt+1 represents a value from the peak of the business cycle.
d) NOPLATt+1 represents a value from the trough of the business cycle.
Answer
This answer is hidden. It contains 17 characters.
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