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The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year Cash Flow 1 $1,000 2 700 3 0 4 1,300
| The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. |
| Year | Cash Flow |
| 1 | $1,000 |
| 2 | 700 |
| 3 | 0 |
| 4 | 1,300 |
Required:
| What is the present value of the cash flows? |
Multiple Choice
$2,362.99
$664.56
$2,427.56
$2,411.22
$2,459.44
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Essentials Of Corporate Financial Management
Authors: Glen Arnold
1st Edition
1405847042, 978-1405847049
