Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Step 1: Introduction
Present value is an estimate of the present value of future cash values that may be received at a future date, discounted by an assumed discount rate. Investors evaluate their projects on the basis of their present value
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