What is the present value of the following cash flow stream at a rate of 12.0%?
Definitions:
Free-Writing Prospectus
A written, electronic, or graphic communication associated with the offer to sell a security and used during the waiting period to supplement other information about the security.
Securities And Exchange Commission
A U.S. federal agency responsible for enforcing federal securities laws, proposing securities rules, and regulating the securities industry, stock and options exchanges, and other related activities and organizations.
Registration Statement
A set of documents filed with a regulatory agency, such as the Securities and Exchange Commission, detailing the specifics of a proposed business offering.
Effective Date
The date on which an agreement, policy, or regulation becomes operative and enforceable.
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