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You are considering investing in a security that will pay you $2,000 in 28 years. a) if the appropriate discount rate is 11%, what is

You are considering investing in a security that will pay you $2,000 in 28 years.

a) if the appropriate discount rate is 11%, what is the present value of this investment?

b) assume these investments sell for $531 in return which you receive $2,000 in 28 years. what is the rate of return investors earn on this investment if they buy it for $531

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