How does the depreciation adjustment in ocf compare to the


1. A 4.30 percent coupon municipal bond has 12 years left to maturity and has a price quote of 106.30. The bond can be called in eight years. The call premium is one year of coupon payments. (Assume interest payments are semiannual and a par value of $5,000.)

2. How does the depreciation adjustment in OCF compare to the investment in property, plant and equipment on a statement of cash flows?

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Financial Management: How does the depreciation adjustment in ocf compare to the
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