FINANCIAL MANAGEMENT(LL)-TEXT
FINANCIAL MANAGEMENT(LL)-TEXT
16th Edition
ISBN: 9781337902618
Author: Brigham
Publisher: CENGAGE L
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Chapter 13, Problem 3Q
Summary Introduction

To determine: The possible agency conflicts between borrowers and lenders.

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Firm A must pay $258,000 to firm B in 10 years. The discount rate is 16.44 percent per year. What is the present value of the cash flow associated with this arrangement for firm A? -I got the answer of 56331.87773=56332 (rounded to the nearest dollar), but it says incorrect.
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