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An investment pays out $120 at the end of each December for 11 years. An investor wants to buy the investment at the end of

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An investment pays out $120 at the end of each December for 11 years. An investor wants to buy the investment at the end of August, before the next $120 payment. The investments appropriate discount rate is 14.95%? What is the value of the investment, on the morning of January 1st for the coming year? What is the value of the investment, on the evening of December 30th for the coming year? What is the value of the investment today

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