(Related to Checkpoint 5.6) (Solving for 1) You are considering investing in a security that...
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(Related to Checkpoint 5.6) (Solving for 1) You are considering investing in a security that will pay you $2.000 in 28 years a. If the appropriate discount rate is 8 percent, what is the present value of this investment? b. Assume these investments sell for $404 in return for which you receive $2.000 in 28 years What is the rate of return investors earn on this investment if they buy it for $404? a. If the appropriate discount rate is 8 percent, the present value of this investment is $ (Round to the nearest cent)
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