Question
An investment that you are considering promises to pay $2,000 semian-nually 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 semian-nually for the next two years, beginning six months from now. You have determined that the appropriate opportunity cost (discount) rate is 8 percent, compounded quarterly. What is the value of this investment?
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
