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An asset has one expected cash flow of $1200, which is expected to occur in 6 months and a second expected cash flow of $7600,
An asset has one expected cash flow of $1200, which is expected to occur in 6 months and a second expected cash flow of $7600, which is expected to occur in 15 months. All payments are equally risky and thus they have the same discount rate. You've decided that the discount rate is 9%. According to these numbers, how much is the asset worth to you today? Round your answer to the NEAREST DOLLAR.
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