An investment product will deliver cash flows of $27 today, another cash flow of $16 in one
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An investment product will deliver cash flows of $27 today, another cash flow of $16 in one year, and a final cash flow of $27 in two years. Suppose your effective annual rate (EAR) is 6%. What is the most you are willing to pay for this product?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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