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You are considering investing in a security that will pay you $4000 in 33 years. a.If the appropriate discount rate is 12 percent, what is

You are considering investing in a security that will pay you $4000 in 33 years.

a.If the appropriate discount rate is 12 percent, what is the present value of this investment?

b.Assume these investments sell for $772 in return for which you receive $4000 in 33 years. What is the rate of return investors earn on this investment if they buy it for $772?

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