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someone offers you a security that pays $500 each year for 10 years with the first payment made one year from today. how much is

someone offers you a security that pays $500 each year for 10 years with the first payment made one year from today. how much is the most you would be willing to pay for this security if the required rate of return is 8%?

What if the first payment is made today?

What if the first payment is made in two years?

What if the first payment is made in five years?

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