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If the interest rate is 5 percent, what is the present value of a security that pays you $1050 next year and $1102.50 two years
If the interest rate is 5 percent, what is the present value of a security that pays you $1050 next year and $1102.50 two years from now? If this security is currently sold for $2100, is the yield to maturity greater than or less than 5 percent? (3 points)
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