Question
If $1,000 is the present value of $1,250 to be received at the end of two years, what is the one-year discount factor (to the
If $1,000 is the present value of $1,250 to be received at the end of two years, what is the one-year discount factor (to the closest hundredth of a percentage point)? *Can i see the work to get the answer*
A. 0.89
B. 1.25
C. 0.80
D. None of the above
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
