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Dec 2013 Q1 b

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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November 27, 2015 at 10:48 am #285676
yushanshan
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Dear sir,
I have trouble understanding the solution mentioned in Q1 b ” Second, the working capital cash flows are timed differently to the sales income…so their inflation effects are timed differently to the related inflation effects in the discount rate” . What does TIMED mean ?
November 27, 2015 at 1:42 pm #285698
John Moffat
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“Timed” is simply referring to which time period the flow occurs – time 0 or time 1 etc..
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