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Assume the appropriate discount rate for the following cash flows is 10.2 percent. Year Cash Flow 1 $ 2,100 2 2,000 3 1,700 4 1,500
Assume the appropriate discount rate for the following cash flows is 10.2 percent.
| Year | Cash Flow | |
| 1 | $ | 2,100 |
| 2 | 2,000 | |
| 3 | 1,700 | |
| 4 | 1,500 | |
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 The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
