Using the same risk-adjusted discount rate to discount all cash flows ignores the fact that the more distant cash flows are riskier.

Name: Using the same risk-adjusted discount rate to discount all cash flows ignores the fact that the more distant cash flows are riskier.
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The Answer of Using the same risk-adjusted discount rate to discount all cash flows ignores the fact that the more distant cash flows are riskier.

Using the Same Risk-Adjusted Discount Rate to Discount All Cash