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you own a financial asset that makes the first payment in 3 years and 6 months from now. The asset will make semi-annual payments of
you own a financial asset that makes the first payment in 3 years and 6 months from now. The asset will make semi-annual payments of $20 for 2 years (4 payments). Suppose that the annual discount rate is 20%. What is the Present Value of the financial asset?
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