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Fall 2019-2020 Test Question Three: You are offered an investment today by your broker. This investment offers the following stream of cash flows: (KN2:2.5 marks)

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Fall 2019-2020 Test Question Three: You are offered an investment today by your broker. This investment offers the following stream of cash flows: (KN2:2.5 marks) Year Cash Flows 15,000 20,000 17,000 23,000 30,000 Required: If you require a return of 12% for investments of this type of risk, how much should you pay for the investment today

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