Present value of a cash flow stream for discount rate


Problem:

What happens to the present value of a cash flow stream when the discount rate increases? Place this in the context of an investment. If the required return on an investment goes up but the expected cash flows do not change, would you be willing to pay the same price for the investment or would you pay more or less for this investment than before interest rates changed?

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Finance Basics: Present value of a cash flow stream for discount rate
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