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Click to see additional instructions Suppose a broker offers you an investment that will provide the following future cash flows: $1000 in exactly 1 year
Click to see additional instructions Suppose a broker offers you an investment that will provide the following future cash flows: $1000 in exactly 1 year $2000 in exactly 2 years $4000 in exactly 3 years $8000 in exactly 4 years If you require an average annual rate of return of 8.6% on this investment, what is the maximum price that you would be willing to p Maximum price = $ Mark for Review What's This
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