A certain investment will pay 300 in year 4 and 1500 in
A certain investment will pay $300 in year 4 and $1500 in year 7. If the required rate of return is 6.5%, what would you be willing to pay for this investment?
a. 1158
b. 1198
c. 1399
d. 1800
e. there is insufficient information to answer
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