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Suppose a security generates the following risk free cash flows: $250, $150, and $350 at the end of the first, second and third years after
Suppose a security generates the following risk free cash flows: $250, $150, and $350 at the end of the first, second and third years after the issuance. Find the securitys fair price at the time of the issue if risk free interest rate is 4%.
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