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2. A company intends to raise funds by issuing a security with the following promised cash ows: ' $150,000 in 3 years ' $500,000 in

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2. A company intends to raise funds by issuing a security with the following promised cash ows: ' $150,000 in 3 years ' $500,000 in 5 years How much money will it raise if the discount rate for both cash ows is 5%? a) $509,292 b) $521,339 c) $619,048 d) $650,000

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