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The present value of future cash flows minus the cost of the investment, or the present value of cash inflows minus the present value of cash outflows.

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The CFA Institute Investment Foundations Program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.


1. The present value of future cash flows minus the cost of the investment, or the present value of cash inflows minus the present value of cash outflows.





 
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