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Strategies & Market Trends : Free Cash Flow as Value Criterion -- Ignore unavailable to you. Want to Upgrade?


To: Reginald Middleton who wrote (144)11/4/1997 6:25:00 PM
From: Pirah Naman  Respond to of 253
 
> I apologize if I offended you

No offense taken; I just want to make sure we focus on the issues. Disagreement can lead to insights; comments on others gives little insight into the issues of disagrement.

> One must operate on a base of assumptions.

I agree, and I do not dispute the use of the long bond as a proxy. Just an irrelevant aside - sorry I muddied the water.

> That is why you must apply the specific premium to the riskless asset rate that the market has given the asset that you are trying to value...Once the market's stated risk...

Perhaps it would be illuminating if you expanded on this. Starting from scratch, so as to avoid misinterpretation.