Question
An investment that you are considering promises to pay $2,000 semiannually for the next two years, beginning six months from now. You have determined that
An investment that you are considering promises to pay $2,000 semiannually for the next two years, beginning six months from now. You have determined that the appropriate opportunity cost (discount) rate is 8%, compounded quarterly. What is the present value of this investment?
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
