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1. Explain the difference between a company's operating cash flow and its free cash flow....

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Finance

1. Explain the difference between a company's operating cash flow and its free cash flow. Describe the key features of the free cash flow approach to valuation. 2. What does the phrase sustainable earnings mean? What types of earnings are not sustainable? 3. What are abnormal earnings? Describe the key features of the abnormal earnings approach to valuation.

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