Which of the folowwing statements about a company's stock valuation is incorrect?
Select one:
a. the value is not a function of the amount of the cash flows(FV)
b. an asset which is expected to produce future cash flows has a value which is equilavent to the present value of all those expected cash flows
c. the intrinsic value is that value which an investor places on an asset
d. the value is a function of the timing of the cash flows(n).
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