Question
You are offered an investment that pays $400 in one year, $500 at the end of the second year, and $140 at the end of
You are offered an investment that pays $400 in one year, $500 at the end of the second year, and $140 at the end of the third year.
You can earn 11% on very similar investments. What is the most you should pay for this one? [Round-off to an integer. Only the answer will be graded.]
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The Oxford Guide To Financial Modeling
Authors: Thomas S Y Ho, Sang Bin Lee
1st Edition
019516962X, 9780195169621
