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Delta Airlines offers a financial security that pays $30 this year, $40 next year, and then indefinitely pays a $50 payment per year after that.
Delta Airlines offers a financial security that pays $30 this year, $40 next year, and then indefinitely pays a $50 payment per year after that. a. How much is this security worth to you if market interest rates are 5% ? b. How much is the security worth if the market interest rate is 8%
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