Question
Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 680 360 220 320 If you require
Quantitative Problem: You own a security with the cash flows shown below.
0 1 2 3 4
0 680 360 220 320
If you require an annual return of 12%, what is the present value of this cash flow stream? Round your answer to the nearest cent. Do not round intermediate calculations.
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
