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An investment product will deliver cash flows of $17 today, another cash flow of $24 in one year, and a final cash flow of $20
An investment product will deliver cash flows of $17 today, another cash flow of $24 in one year, and a final cash flow of $20 in two years. Suppose your effective annual rate (EAR) is 6%. What is the most you are willing to pay for this product?
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