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a) 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%. What is

  1. a) 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%. What is its price?

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

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