
EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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What is ghs fair value of solve this question general accounting

Transcribed Image Text:What is the fair value of an investment that pays $120
per year in year 1, grows at a rate of 4% per year, and
has a 9% required rate of return?
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