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If a security pays $55 in one year and $133 in three years, its present value is $150 if the interest rate is ________. A)
If a security pays $55 in one year and $133 in three years, its present value is $150 if the interest rate is ________.
A) 5 percent
B) 10 percent
C) 12.5 percent
D) 15 percent
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