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Jed is considering the purchase of a unit investment trust (UIT) with a three-year life. The UIT promises a payment of $3,000 next year and

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Jed is considering the purchase of a unit investment trust (UIT) with a three-year life. The UIT promises a payment of $3,000 next year and the payments are expected to grow at 7% per year for the subsequent two years. If Jed's required return on the investment is 8%, what should he be willing to pay for the UIT? $8.256.41 $9.100.49 $8.780.90 $7.021.34 $10.600.31

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