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Problem 1: An investor expects to receive $10,600 at the end of three (3) years. If he expects to earn 6%, compounded annually, what is the present value or amount that should be paid for the investment today?
Group of answer choices
option 1: $8,900
option 2: $10,000
option 3: $11,250
option 4: $12,400
Coronado Limited issued 10-year, 7% debentures with a face value of $2.18 million on January 1, 2010. The proceeds received were $1.90 million.
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