4. The appropriateannualdiscount rate for each part is given to you as 14% (0.14). Please answer all parts below.

Part A

What is the appropriate price to pay for a security that makesonepayment of 21,000 in 1 year?

Part B

What is the appropriate price to pay for a security that makesonepayment of 21,000 in 4 years?

Part C

What is the appropriate price to pay for a security that makestwopayments, one payment of 10,500 in 19 months and one payment of 10,500 in 52 months?