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Aerelon Airways, a commercial airline, suffers a major crash. As a result, passengers are considered to be less likely to choose Aerelon as their carrier, and it is expected free cash flows will fall by $15million per year for five years. If Aerelon has 55 million shares outstanding, an equity cost of capital of 10%, and no debt, by how much would Aerelon's shares be expected to fall in price as a result of this accident?
Entrepreneur
An individual who creates, launches, and manages a new business venture, often taking on significant financial risks.
Pattern Recognition
The ability to identify and understand regularities, repetitions, or trends in data, situations, or physical objects.
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Entrepreneurship
The endeavor of forming a business or several businesses, bearing financial perils with the hope of gaining profit.
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