Question
Assume the appropriate discount rate for the following cash flows is 9.3 percent. Year Cash Flow 1 $ 1,650 2 1,550 3 1,250 4 1,050
Assume the appropriate discount rate for the following cash flows is 9.3 percent.
| Year | Cash Flow | |
| 1 | $ | 1,650 |
| 2 | 1,550 | |
| 3 | 1,250 | |
| 4 | 1,050 | |
What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $
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Handbook Of Financial Econometrics
Authors: Yacine Ait-Sahalia, Lars Peter Hansen
1st Edition
044450897X, 978-0444508973
