Question
What is the present value of a constant stream of $5,000 monthly cash flows with the first cash flow to be paid in 6 months,
What is the present value of a constant stream of $5,000 monthly cash flows with
the first cash flow to be paid in 6 months, and the final cash flow to be paid in 32
months? Assume interest rates are 8% p.a. compounded monthly.
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Advanced Bond Portfolio Management
Authors: Frank J. Fabozzi, Lionel Martellini, Philippe Priaulet
1st Edition
0471678902, 9780471678908
