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You are offered an investment today by your broker. this investment offers the following stream of cash flows. : Yr1 = $15,500 Yr2 = $16,000
You are offered an investment today by your broker. this investment offers the following stream of cash flows. :
Yr1 = $15,500
Yr2 = $16,000
Yr3= $18,000
Yr4= $18,500
IF you require a return of 8% for investments of this type of risk, how much should you pay for the investment today? PLEASE SHOW WORK
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