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The present value of the following cash flow stream with annual payments (at t=0) is $1262.23 with the discount rate being 11.66% compounded semi-annually. What
The present value of the following cash flow stream with annual payments (at t=0) is $1262.23 with the discount rate being 11.66% compounded semi-annually.
What is the value of the missing cash flows (x)?
Note that the cash flow stream consists of $100 paid at end of year 1, x paid at the end of year 2 until the end of year 4, and $100 paid forever thereafter (starting at the end of year 5)
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