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You are considering investing in a security that will pay you $ 3 0 0 0 in 3 1 years. a . If the appropriate

You are considering investing in a security that will pay you $3000 in 31 years. a.If the appropriate discount rate is 9 percent, what is the present value of this investment? b.Assume these investments sell for $1103 in return for which you receive $3000 in 31 years. What is the rate of return investors earn on this investment if they buy it for $1103?

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