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    If You Use Futures Prices to Estimate the Cash Flows
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If You Use Futures Prices to Estimate the Cash Flows

Question 67

Question 67

Multiple Choice

If you use futures prices to estimate the cash flows of a project, which discount rate should you use?
I.the cost of capital for the firm;
II.the cost of capital for the project;
III.the risk-free rate


A) I only
B) I and II only
C) III only
D) II only

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