Present financial position and performance of the firm

This present value is less than the present value of the steady stream of $50 annual payments ($368 given by equation (37) or (38)) since less is received earlier in the period, but more than the single payment received 10 years from now ($279 given by equation (35)). ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download