Question: You are considering in a security that has the following cash flow pattern. At the end of year 6, you will receive the first

You are considering in a security that has the following cash flow

You are considering in a security that has the following cash flow pattern. At the end of year 6, you will receive the first payment of $300. Every year after that, you will receive the same amount forever. What is the maximum amount that you should be willing to pay for this security if you want a rate of return of 6.17%?

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