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Technology Stocks : WDC/Sandisk Corporation
WDC 172.26-2.2%Dec 31 3:59 PM EST
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To: Sam Citron who wrote (28073)4/27/2005 12:23:48 PM
From: Dave  Read Replies (1) of 60323
 
Sam,

How would you define "proper"?

The value of any asset, and this is the textbook definition, is the present value of its future, expected cash flows discounted at the investor's required rate of return.

Dave
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