Multiple Choice
You are to receive a cash-flow of $40 after three years. If the ytm of this cash-flow is 6%, what is its present value? (Assume a semi-annual basis for compounding and discounting.)
A) $28.20
B) $33.50
C) $33.58
D) $37.74
Correct Answer:

Verified
Correct Answer:
Verified
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