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A risk-free security pays a dividend of $200 after two years $300 after three years...

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Finance

A risk-free security pays a dividend of $200 after two years $300 after three years and$400 for the next four years (after four, five, six and seven years total 4 cash flows of $400). The risk-free interest rate is 2% for the first two years and 5% for the third year. After that the rate will drop back to 3% forever. What is the market price of this security?

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