Present value of a security
Problem:
Question: What is the present value of a security that will pay $19,000 in 20 years if securities of equal risk pay 12% annually? Explain comprehensively and show all calculation.
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What is the present value of a security that will pay $19,000 in 20 years if securities of equal risk pay 12% annually? Explain comprehensively and show all calculation.
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