Describe the difference between a promised cash flow and an expected cash flow. If promised cash flows tend to be higher

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answerhappygod
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Describe the difference between a promised cash flow and an expected cash flow. If promised cash flows tend to be higher

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Describe the difference between a promised cash flow and an
expected cash flow. If promised cash flows tend to be higher than
the expected cash flows, should they be discounted at rates that
are higher or lower than the firms’ WACC?
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