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Question. 3 A) Investment X offers to pay you $4200 per year for eight years, whereas Investment Y offers to pay you $6100 per year

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Question. 3 A) Investment X offers to pay you $4200 per year for eight years, whereas Investment Y offers to pay you $6100 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 per cent? If the discount rate is 15 per cent? (10 marks)

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