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One can also find the interest rate of the uneven cash flow stream with a financial calculator and solving for the internal rate of return
One can also find the interest rate of the uneven cash flow stream with a financial calculator and solving for the internal rate of return (IRR) using the key. Quantitative Problem: You own a security with the cash flows shown below. If you require an annual return of 12%, what is the present value of this cash flow stream? Do not round intermediate calculations. Round your answer to the nearest cen $
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