Question
Doris's Fashions has just signed a $2.2 million contract. The contract calls for a payment of $0.6 million today, $0.8 million one year from today,
Doris's Fashions has just signed a $2.2 million contract. The contract calls for a payment of $0.6 million today, $0.8 million one year from today, and $0.9 million two years from today. What is this contract worth today if the firm can earn 8.2 percent on its money? A. $2,108,126.60
B. $2,102,795.37
C. $2,124,393.07
D. $2,162,386.67
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The Handbook Of European Fixed Income Securities
Authors: Frank J. Fabozzi, Moorad Choudhry
1st Edition
0471430390, 978-0471430391
