When should an analyst use nominal cash flows and when should an analyst use real cash flows?
Nominal cash flows should be used when the projected free cash flows include the effects of changes in general purchasing power of the monetary unit. Real cash flows should be used when the projected free cash flows have general price changes stripped out.
Business
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A grandfathered health policy is
A) your grandfather's health insurance B) one that existed prior to the Affordable Care Act C) one that is specifically for grandfathers D) a policy that has expired
Business
The probabilities in any column of the matrix of transition probabilities will always sum to one
Indicate whether the statement is true or false
Business