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Bishnu is looking to purchase of an investment with a three-year life. One potential option promises a payment of $2,500 next year and the payments

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Bishnu is looking to purchase of an investment with a three-year life. One potential option promises a payment of $2,500 next year and the payments are expected to grow at 6% per year for the subsequent two years. If Bishnu's required return on the investment is 5.0%, what should he be willing to pay for this investment? $7.211.10 $6,875.28 $6,682.53 $7.959.00

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