You are expecting to receive $300 at the end of each year in years 3,...
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You are expecting to receive $300 at the end of each year in years 3, 4, and 5, and then 500 each year at the end of each year in years 10 through 25, inclusive. If the appropriate discount rate is 8.3 percent, for how much would you be able to sell your claim to these cash flows today?
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