Multiple Choice
When calculating the present value of a stream of payments at a market yield of 5% compounded semi- annually, the numerator in the fourth period of the calculation is:
A) (1.05) to the power of 4.
B) (1.025) to the power of 4.
C) (1.10) to the power of 4.
D) (1.0125) to the power of 4.
Correct Answer:
Verified
Correct Answer:
Verified
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