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Q1. Free cash flow is the amount of cash that, if withdrawn, would harm the...

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Finance

Q1. Free cash flow is the amount of cash that, if withdrawn, would harm the firm's ability to operate and to produce future cash flows.

- True or False

Q2. Secondary markets are large and important, while primary markets are smaller and less important.

- True or False

Q3. If a firm's marginal tax rate is decreased, this would, other things held constant, lower the cost of debt used to calculate its WACC.

- True or False

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