Question
An investment opportunity has cash flows of $5,000, $6,000, and $10,000 in 1, 2, and 3 years, respectively. If your relevant interest rate is 15%,
An investment opportunity has cash flows of $5,000, $6,000, and $10,000 in 1, 2, and 3 years, respectively. If your relevant interest rate is 15%, what is the maximum amount you would be willing to invest today? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND TO THE NEAREST DOLLAR (e.g., 8000 NOT $8,000).
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
23rd Edition
1647084105, 978-1647084103
