4.29 What is the present value of end-of-year cash flows of $2,000 per year, with the first...
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4.29 What is the present value of end-of-year cash flows of $2,000 per year, with the first cash flow received three years from today and the last one 22 years from today? Use a discount rate of 8 percent.
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Corporate Finance
ISBN: 9780071229036
6th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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