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Suppose an investor is offered the following stream of cash flows: $5,200 per year for seven years beginning exactly one year from today and an

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Suppose an investor is offered the following stream of cash flows: $5,200 per year for seven years beginning exactly one year from today and an unknown amount to be received exactly eight years from today. If the investor is willing to pay no more than $38,079.17, then the cash flow in year 8 is $_. Assume a discount rate of 4.00% p.a. 1) 9.400 ( 2) 9,000 ( 3) 9,200

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