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LO1 2. Present Value and Multiple Cash Flows. Investment X offers to pay you $3,400 per year for nine years, whereas Investment Y offers
LO1 2. Present Value and Multiple Cash Flows. Investment X offers to pay you $3,400 per year for nine years, whereas Investment Y offers to pay you $5,200 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 6 percent? If the discount rate is 22 percent?
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
