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Ahmad is considering an investment where he will receive a series of 10 annual cash flows of RM1,000 each. Assuming his required return is 8%

Ahmad is considering an investment where he will receive a series of 10 annual cash flows of RM1,000 each. Assuming his required return is 8% per annum, what is the maximum amount he is willing to pay for this investment if the first cash flow occurs: - today - At the end of year 4?

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