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( Related to Checkpoint 5 . 6 ) ( Solving for i ) You are considering investing in a security that will pay you $
Related to Checkpoint Solving for i You are considering investing in a security that will pay you $ in years.
a If the appropriate discount rate is percent, what is the present value of this investment?
b Assume these investments sell for $ in return for which you receive $ in years. What is the rate of return investors earn on this investment if they buy it for
$
a If the appropriate discount rate is percent, the present value of this investment is $
Round to the nearest cent.
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