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What is the present value of a security that pays you $0.80 per year for 15 years. Assume that the current interest rate is 4%
What is the present value of a security that pays you $0.80 per year for 15 years. Assume that the current interest rate is 4% compounded annually.
A.
$8.89
B.
$5.96
C.
$9,96
D.
$7.96
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