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1  fomula's right, but depreciation have effect on both ebit & ncc(dep is above ebit line),so cfo itself will remain the same

2 cash tax differs from the reported tax expense for they use different tax base, and the impairments are not recognized in tax return till the asset's sold or disposed, so they don't affect any cash flow

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上一主题:还有一个问题是我在计算看跌期权的delta时是否应该使用delta-1=∆C/∆S
下一主题:关于delta neutral portfolio