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Financial Mathematics 15. (Cross sing o) In general, we say that two projects with cash ws li anldy,-0,I,.. n, cross ifXo =0 yi. Let Pr

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15. (Cross sing o) In general, we say that two projects with cash ws li anldy,-0,I,.. n, cross ifXo =0 yi. Let Pr (d) and Py(d) denote the present values of these two projects when the discount factor is d. (a) Show that there is a crossover value c > 0 such that Pr (c) Py(c)

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