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Describe a basic model of the turnover process.What other models or mechanisms have been proposed to explain turnover?
Cash Flow Growth Rate
The rate at which a company's cash flow increases or decreases over a specific period.
Required Rate
The minimum rate of return that an investor expects or requires from an investment to make it worthwhile.
Timeframe
The period during which certain actions are supposed to occur or a particular event is planned to take place.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return. Present value accounts for the time value of money.
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