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Chapter Objectives
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THERE ARE BASICALLY FOUR THINGS THAT YOU SHOULD BE CLEAR ON WHEN YOU HAVE FINISHED STUDYING THIS CHAPTER:

  1. The difference between accounting value (or "book" value) and market value.
  2. The difference between accounting income and cash flow.
  3. The difference between average and marginal tax rates.
  4. How to determine a firm's cash flow from its financial statements.







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Ross: Ess of Corp Finance 6eOnline Learning Center

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