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You are considering investing in a security that will pay you 2,000 in 31 years. a. if appropriate discount rate is 10% what is the
You are considering investing in a security that will pay you 2,000 in 31 years.
a. if appropriate discount rate is 10% what is the present value of the investment?
b. Assume these investments sell for $670 in return for which you receive 2,000 in 32 years. What is the rate of return investors can earn on this investment if they buy it for $670
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