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Show me the steps to solve You have been offered a 5 - year investment at a price of $ 6 0 , 0 0
Show me the steps to solve You have been offered a year investment at a price of $ It will pay $ at the
end of Year $ at the end of Year and a fixed but currently unspecified cash flow,
X at the end of Years through The payer is essentially riskless, so you are sure the
payments will be made, and you regard as an appropriate rate of return on riskless year
investments. What cash flow must the investment provide at the end of each of the final
years, that is what is X
a $
b $
c $
d $
e $
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