Question
An investment promises the following cash flow stream: $1,000 at Time 0;$, at the end of year 1(or at t=1); $3,000 at the end of
An investment promises the following cash flow stream: $1,000 at Time 0;$, at the end of year 1(or at t=1); $3,000 at the end of year 2; and $5,000 at the end of year 3. At a discount rate of 7.3%, what is the present value of the flow stream?
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
