Question
Suppose you signed a contract for a special assignment over the next 12.0 years. You will be paid $26,023.00 at the end of each year.
Suppose you signed a contract for a special assignment over the next 12.0 years. You will be paid $26,023.00 at the end of each year. if your required rate of return is 12.26% what is the contract worth in today?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
