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Which of the following amounts is closest to the present value of payments of 20,000 at the end of each of the next three years
Which of the following amounts is closest to the present value of payments of 20,000 at the end of each of the next three years if the appropriate interest rate is 10%? A 15,026 B 49,738 54,546 {58,594 {60,000 Which of the following is closest to the current market value of a risk free bond with a face value of 1,000 which pays a coupon of 5% and which matures in 4 years' time with a redemption value of 1,200 if providers of debt finance require a rate of return of 10% ? A 157.49 B 354.58 C 840.50 D 997.11 E &1,341.82
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