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When calculating the present value of a stream of payments at a market yield of 5% compounded annually, the denominator in the fourth period of

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When calculating the present value of a stream of payments at a market yield of 5% compounded annually, the denominator in the fourth period of the calculation is Fini Select one: O a (1.05) to the power of 4 b. (1.005) to the power of 4 OC (1.01) to the power of 4 Od (1.10) to the power of 4 Clear my choice

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