Question
A sum of $2 million is invested today in a project which is guaranteed to provide a return of $1.5 million at the end of
A sum of $2 million is invested today in a project which is guaranteed to provide a return of $1.5 million at the end of five years and a further $1.25 million at the end of six years. what is the net present value if the discount rate is 4.5 % compunded annually ?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
7th Edition
0136103227, 9780136103226
