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1. A security pays $100 in one year and $233 in two years. The one-year discount rate is 4%, the two-year is 4.92%. a. What

1. A security pays $100 in one year and $233 in two years. The one-year discount rate is 4%, the two-year is 4.92%.

a. What is its price?

b. What is the securitys yield-to-maturity?

Please show each step solving by hand. Please show algebra in each step. Thanks

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