Chartered Financial Analyst Level 2
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34 An analyst gathers the following information (in $ millions) about a company:
- Free cash flow to the firm: −4
- Interest expense: 70
- Change in debt: 1,000
If the corporate tax rate is 20%, what is the company's free cash flow to equity (in $ millions)?
34 An analyst gathers the following information (in $ millions) about a company:
- Free cash flow to the firm: −4
- Interest expense: 70
- Change in debt: 1,000
If the corporate tax rate is 20%, what is the company's free cash flow to equity (in $ millions)?
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