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Published salary surveys indicate that Chartered Financial Analyst earn $65,000 more per year than their non-chartered counterparts. Over 100,000 people are taking this three year series of exams this year. If this charter raises your average salary by $65,000 (per year) over your 25-year working life and money costs you 6 percent, how much is this certification worth today? (Assume year-end cash flows.)
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A company's current assets are less than its current liabilities. Company issues new shares at full market price. What will be the effect of this transaction upon company's work
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