Suppose that you are offered an investment that is expected


Suppose that you are offered an investment that is expected to pay you $1000 in 1 year, $3000 in 2 years, $3000 in 3 years, and $5000 in 4 years. Your opportunity cost is 10%.

What is the maximum you would be willing to pay for this investment?

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Financial Management: Suppose that you are offered an investment that is expected
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