You own a financial asset that makes first payment of $20 in 3 years and 6 months

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You own a financial asset that makes first payment of $20 in 3 years and 6 months from now. The asset will make four semi-annual payments of $20 for 2 years. Suppose that the annual discount rate is estimated as 20%.

What is the PV of the financial asset [round the decimal points to the nearest 100th]?

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1111530266

11th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Jun 13, 2023 02:27 AM

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You own a financial asset that makes first payment of $20 in 3 years and 6 months

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Intermediate Financial Management

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