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tmason tmason
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A month ago
If a firm uses a constant WACC to select investments projects, it

▸ will not reject positive NPV low-risk projects.

▸ may cause the market price of its debt and equity securities to decline.

▸ will always make appropriate decisions.

▸ will not accept negative NPV high-risk projects.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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mkql12mkql12
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A month ago
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tmason Author
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this is exactly what I needed
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Thanks
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