pls solve Assume that if you buy a security today, you...
80.2K
Verified Solution
Link Copied!
Question
Finance
pls solve
Assume that if you buy a security today, you expect to receive 55 payments of $580 each, where the first payment will be made today, and all other payments will be made in 63-day (9-week) intervals for the next 3,402 days. Also assume that the annual nominal rate of return that you require is 6.48 percent, but with daily compounding. Given this data, and assuming a 360 -day year, determine how much you should be willing to pay for this security. $23,046.41$23,258.34$23,869.50$23,457.96$23,992.96
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!