Question
You have won a prize which promises to pay you $10,000 in 3 years and $7,000 in 8 years. If the appropriate discount rate
You have won a prize which promises to pay you $10,000 in 3 years and $7,000 in 8 years. If the appropriate discount rate is 9.6%, how much is the prize worth today? (please round your answer to the nearest dollar - please do not include commas in your answer)
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Fundamentals of Corporate Finance
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