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CHAPTER 14 FREE CASH FLOW TO EQUITY DISCOUNT MODELS

debt issues provides a measure of the cash flow effects of changes in debt. Allowing for the cash flow effects of net capital expenditures, changes in working capital and net changes in debt on equity investors, we can define the cash flows left over after these changes as the free cash flow to equity (FCFE).

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  Equity, Debt

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Transcription of CHAPTER 14 FREE CASH FLOW TO EQUITY DISCOUNT MODELS

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