Rather than $1,000, what is the fair (present) value for the security in the 3rd choice today?

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Rather than $1,000, what is the fair (present) value for the security in the 3rd choice today? (i.e., the security that will pay you $1,300 in five years)

Assume the interest rate is 5%.

Related Book For answer-question

Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Posted Date: May 15, 2023 09:12 AM

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Rather than $1,000, what is the fair (present) value for the security in the 3rd choice today?

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Introduction to Corporate Finance What Companies Do

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