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You are offered an investment today by your broker. this investment offers the following stream of cash flows. : Yr1 = $12,000 Yr2 = $20,000
You are offered an investment today by your broker. this investment offers the following stream of cash flows. :
Yr1 = $12,000
Yr2 = $20,000
Yr3= $10.000.
Yr4= $16,000
IF you require a return of 10% for investments of this type of risk, how much should you pay for the investment today?
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