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Question 10 10 pts Find the current price of a security that makes the following payments to you: $100 2-years from today and $300 4-years
Question 10 10 pts Find the current price of a security that makes the following payments to you: $100 2-years from today and $300 4-years from today. The security will then pay $25 each year forever with the first $25 payment received at the end of year 15. Assume the interest rate is 3.2% Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. Numerical values: Round to two decimls ######## Percent values: enter as a percent rounded to 2 decimals for example 0.12345 should be entered as: 12.35% Positive Negative: NPV calculations must be entered as a positive or negative value all other computations must be entered as a positive number
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