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Consider an investment that pays $300 one year from now, with cash flows increasing by $300 per year through Year 4. If the interest rate

Consider an investment that pays $300 one year from now, with cash flows increasing by $300 per year through Year 4. If the interest rate is 3 percent.What is the present value of this stream of cash flows?

If the issuer offers this investment for $1,500, Should you purchase it?

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