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The appropriate discount rate for the following cash flows is 6 percent compounded quarterly. Year Cash Flow 1 $800 2 500 3 0 4 1,400
| The appropriate discount rate for the following cash flows is 6 percent compounded quarterly. |
| Year | Cash Flow |
| 1 | $800 |
| 2 | 500 |
| 3 | 0 |
| 4 | 1,400 |
| What is the present value of the cash flows? |
Multiple Choice
-
$2,254.63
-
$2,308.65
-
$2,346.65
-
$1,079.36
-
$2,300.64
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Financial Markets Instruments And Institutions
Authors: Anthony M. Santomero, David Babbel
2nd Edition
0072358688, 9780072358681
