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The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year Cash Flow 1 $600 2 600 3 0 4 1,300
The appropriate discount rate for the following cash flows is 9 percent compounded quarterly.
| Year | Cash Flow |
| 1 | $600 |
| 2 | 600 |
| 3 | 0 |
| 4 | 1,300 |
What is the present value of the cash flows?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
