An investment promises two payments of $1000, on dates 60 and 90 days from today. What price
Question:
a. If her required rate of return is 10%?
b. Ifherrequiredrateofreturnis11%?
c. Give an explanation for the lower price at the higher required return.
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a Price Present value of the payments 983827 975936 ...View the full answer
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Shadrack Mulunga
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