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An asset was issued 9 months ago. The asset promised to make semi-annual payments (one payment every six months) of $150 each, from the date of issuance, for two years. All payments are equally risky and thus they have the same discount rate. You've decided that the discount rate is 12%. According to these numbers, how much is the asset worth to you today
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An asset was issued 9 months ago. The asset promised to make semi-annual payments (one payment every...
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