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You have been notified that you will be receiving an amount of $2,000 semi-annually for the next 2 years (end of period cash flows),
"You have been notified that you will be receiving an amount of $2,000 semi-annually for the next 2 years (end of period cash flows), which the first cash flow occurring 6 months from today. The appropriate discounting rate is 12% compounding quarterly."1. 1. What is now the frequency of compounding (m)?
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Answer The frequency of compounding m in this scenario is 8 quarterly Heres the explanation ...
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Selling Today Partnering To Create Value
Authors: Gerald Manning, Michael Ahearne
15th Global Edition
1292458631, 978-1292458632
