Exercise 3.4.2 A financial instrument pays C dollars per year for n years. The investor interested in
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Exercise 3.4.2 A financial instrument pays C dollars per year for n years. The investor interested in the instrument expects the cash flows to be reinvested at an annual rate of r and is asking for a yield of y.What should this instrument be selling for in order to be attractive to this investor?
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Related Book For 
Financial Engineering And Computation Principles Mathematics Algorithms
ISBN: 9780521781718
1st Edition
Authors: Yuh-Dauh Lyuu
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