Assume the appropriate discount rate is 6% per period. What is the discount factor for a cash flow occurring 5 periods from today?

Intermediate Financial Management (MindTap Course List)
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Author:Eugene F. Brigham, Phillip R. Daves
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Assume the appropriate discount rate is 6% per period.
What is the discount factor for a cash flow occurring 5
periods from today?
Transcribed Image Text:Assume the appropriate discount rate is 6% per period. What is the discount factor for a cash flow occurring 5 periods from today?
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