The present value of the following cash flow stream is $6,700 when discounted at 7.1 percent annually.
Question:
The present value of the following cash flow stream is $6,700 when discounted at 7.1 percent annually. What is the value of the missing cash flow?
Year Cash Flow
1 .............................. $1,400
2 .............................. ?
3 .............................. 2,300
4 .............................. 2,700
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The time line is We are given the total PV of all four cash fl...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-1259918940
12th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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