You will be receiving $3,000,000 one year from now. What is the present value of this amount at a discount rate of 9.24 percent? Multiple Choice $8,663,663 $3,031,524 $2,642,698 $2,746,247
You will be receiving $3,000,000 one year from now. What is the present value of this amount at a discount rate of 9.24 percent? Multiple Choice $8,663,663 $3,031,524 $2,642,698 $2,746,247
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
am. 157.
Transcribed Image Text:You will be receiving $3,000,000 one year from now. What is the present value of this amount at a discount rate of 9.24 percent?
Multiple Choice
$8,663,663
$3,031,524
$2,642,698
$2,746,247
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