Examlex
Implicit agency costs:
Present Value
The present worth of a future amount of money or series of cash flows when a particular return rate is applied.
Semiannually
Occurring twice a year, typically every six months, often used in the context of interest or dividend payment schedules or reporting periods.
Annual Interest Rate
The percentage rate charged or paid over a year for borrowing or saving money.
Present Value
The current value of a future amount of money or stream of cash flows given a specified rate of return, used in discounting to assess investment opportunities.
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