Question
ST Trucking just signed a $3.8 million contract. The contractcalls for a payment of $1.1 million today, $1.3 million one yearfrom today, and $1.4 million
ST Trucking just signed a $3.8 million contract. The contractcalls for a payment of $1.1 million today, $1.3 million one yearfrom today, and $1.4 million two years from today. What is thiscontract worth today at a discount rate of 8.7 percent?
$3,783,648.48
$3,480,817.37
$2,108,001.32
$3,202,223.89
$3,202,840.91
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
