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Determine the most you should pay to purchase a particular ordinary annuity. The annuity consists of cash flows of $839 at the end of each
Determine the most you should pay to purchase a particular ordinary annuity. The annuity consists of cash flows of $839 at the end of each year for 5 years. You require the annuity to provide a minimum return of 0.05
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Advanced Bond Portfolio Management
Authors: Frank J. Fabozzi, Lionel Martellini, Philippe Priaulet
1st Edition
0471678902, 9780471678908
