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2. An investment produces a cash flow of $420 in year 1, $137 in year 2, and $797 in year 3. If the required rate
2. An investment produces a cash flow of $420 in year 1, $137 in year 2, and $797 in year 3. If the required rate of return is 15%, what price should you pay for the investment at time zero?
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The Oxford Handbook Of IPOs
Authors: Douglas Cumming, Sofia Johan
1st Edition
0190614579, 978-0190614577
