Question
4 years from now you will receive the first of 11 annual $7769 payments.The current interest rate is 6% EAR, but by the beginning of
4 years from now you will receive the first of 11 annual $7769 payments.The current interest rate is 6% EAR, but by the beginning of year 4, the rate will rise to 13% EAR.What is the present value of this cash flow stream?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
