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To: Geoff Nunn who wrote (83839)12/5/1998 1:19:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 176387
 
Aha! Now I understand the problem you are having with my analysis. You are assuming that better opportunities for using the cash may exist (other than the risk-free rate of return), and I am assuming that no better investment exists. So I will take the easy way out and argue that each of us is correct given his own set of assumptions.

TTFN,
CTC