Chartered Financial Analyst Level 2
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40
A company’s new investments in fixed assets is equal to its depreciation and there are no changes in working capital or net borrowing. The company’s net income is:
40
A company’s new investments in fixed assets is equal to its depreciation and there are no changes in working capital or net borrowing. The company’s net income is:
Exam-Like
A
less than its FCFF.
B
equal to its FCFF.
C
greater than its FCFF.
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