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What is the present value of a single nominal cash flow of $33 million received 5 years from now if the real discount rate is 7% per year and the inflation rate is 4% per year? a) $19
What is the present value of a single nominal cash flow of $33 million received 5 years from now if the real discount rate is 7% per year and the inflation rate is 4% per year?
a) $19.339 million
b) 20.072 million
c) 21.290 million
d) 28.626 million
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