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Question 2 2 pts You are offered an annuity product from Challenger, which will pay the first cash flow six years from today when you
Question 2 2 pts You are offered an annuity product from Challenger, which will pay the first cash flow six years from today when you graduate from uni. It is structured to be a 15 year investment that pays $950 p.a. The relevant discount rate is 9% p.a. in Years 1-5 but as the market conditions improve this will increase to 12% p.a. thereafter. What is the maximum price you would offer for this product today? $6,470.32 $4,565.69 None of the options $4,205.26 O $6,281.56
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