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Pedro invests $100,000 at t = 0 and $60,000 at t = 2. In return he gets $60,000 at t = 1 and $126,500 at
Pedro invests $100,000 at t = 0 and $60,000 at t = 2. In return he gets $60,000 at t = 1 and $126,500 at t = 3. Write down a time 3 equation of value describing Pedros investment. Explain why there is a unique yield rate and find it.
NOTE: need explain why!!!!!
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