Two years ago a leasing finance company promised you the following stream of cash flows in exchange
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Question:
Two years ago a leasing finance company promised you the following stream of cash flows in exchange for a fixed amount paid then . a) how much did you pay for it two years ago? b) you want to sell this contract in the secondary market. What can you receive for this today
The promised cash flow are :
Year 1 40000
year 2-10 25000 each year
year 11 35000 each year
The discount rate is 12%
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