What are some advantages of valuating a stock based on, Financial Management

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What are some advantages of valuating a stock based on

What are some advantages of valuating a stock based on discounted cash flows? With the availability of cash flow valuations, why might investors display trading biases and what might be some potential consequences? Why might corporations use call features and restrictive covenants on bond issues?

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Financial Management: What are some advantages of valuating a stock based on

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