Question
You have an opportunity to make an investment that promises to pay $13000 in 4 years. If investments of similar risk yield 4.0%, what should
You have an opportunity to make an investment that promises to pay $13000 in 4 years. If investments of similar risk yield 4.0%, what should you be willing to pay for this investment today?
You should be willing to pay ?
(Round the final answer to two decimal places. Enter the answer without symbols (ie. if the answer is $1.35 enter 1.35 in the answer box)
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
4th Edition
0136026028, 9780136026020
