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Consider a financial firm offers to sell you an asset that will pay you $1,000 annually for the next five years, and then $2,000 annually
Consider a financial firm offers to sell you an asset that will pay you $1,000 annually for the next five years, and then $2,000 annually for the following five years. You determine that this asset is __, so you consider an appropriate discount rate to be two percent and an appropriate price to be approximately ? very risky; $14.140 very risky; $13,252 not very risky: $14,140 not very risky: $13,252
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