Question
You are looking at a business that is expected to pay the following cash flow, after-tax, over the next 4 years: [1] $1,000; [2]$1,200; [3]
You are looking at a business that is expected to pay the following cash flow, after-tax, over the next 4 years: [1] $1,000; [2]$1,200; [3] $1,200; [4] $1,200.. For a similar risk investment, you think you must earn 7%. Abut what is the most you would pay for this business?
| $4,600.00 | ||
| $4,299.07 | ||
| $3,947.29 | ||
| $3,877.74 |
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
