Question
If investing in project A today, you will receive 7 years of semi-annual payments, with each payment being $3,900. The first payment will occur 7
If investing in project A today, you will receive 7 years of semi-annual payments, with each payment being $3,900. The first payment will occur 7 years and six months from today. Suppose you are also offered elsewhere an APR of 6.2 percent with semiannual compounding on similar investments. What is the fair price for project A today?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
