Question
Consider the following cash flow streams. If the discount rate is positive, which of them has the highest present value (value at t=0)? YearStream AStream
Consider the following cash flow streams. If the discount rate is positive, which of them has the highest present value (value at t=0)?
YearStream AStream BStream C110010002001003010004100010050100100610000
a.Stream A
b.Stream C
c.There is not enough information to answer the question.
d.Stream B
e.The three streams have the same present value.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
