Question
Consider an investment that pays $1000 certain at the end of each of the next four years. If the investment costs $3,500 and has an
Consider an investment that pays $1000 certain at the end of each of the next four years. If the investment costs $3,500 and has an NPV of $74.26, then the four-year risk-free interest rate is closest to:
A) 4.50%
B) 4.58%
C) 4.55%
D) 4.53%
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
