Suppose that the networking company in Problem 6.27 will not start paying you until the first of

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Suppose that the networking company in Problem 6.27 will not start paying you until the first of the new systems that uses your soft ware is sold in two years. What is the present value of that annuity? Assume that the appropriate interest rate is still 6 percent.

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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