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An investment promises to pay you $500 one year from now, $1,000 two years from now, and 5,000 three years from now. If you require
An investment promises to pay you $500 one year from now, $1,000 two years from now, and 5,000 three years from now. If you require a 10% rate of return on this investment, how much would you pay for it today?
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Multinational Finance
Authors: Kirt C. Butler
3rd Edition
0324177453, 978-0324177459
