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. If the interest rate is 5%, what is the present value of a security that pays you $1,050 next year and $1,10 2.50 two
. If the interest rate is 5%, what is the present value of a security that pays you $1,050 next year and $1,10 2.50 two years from now? . If this security sold for $1900, is the yield to maturity greater or less than 5%? Why
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