Question
Find the value of a security that pays $783 5 year(s) from today. $346 9 years from today, $1,499 11 years from today. After
Find the value of a security that pays $783 5 year(s) from today. $346 9 years from today, $1,499 11 years from today. After that the security will make payments of $199 every semiannual period forever with the first $199 payment one semiannual period after year 11. The interest rate is currently 5.55% compounded semiannually. Find the value today (time zero) of a security that pays $1,177 per month forever with the first payment next month. A $1,539 payment at the end of year 5 and a $2,653 payment at the end of year 9. The interest rate is currently 4.41% compounded monthly.
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
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