An investment pays 2100 per year for the first 3 years 4200, Financial Management

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An investment pays 2100 per year for the first 3 years 4200

An investment pays $2,100 per year for the first 3 years, $4,200 per year for the next 8 years, and $6,300 per year the following 12 years (all payments are at the end of each year). If the discount rate is 8.75% compounding quarterly, what is the fair price of this investment?

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Financial Management: An investment pays 2100 per year for the first 3 years 4200

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Financial Management: An investment pays 2100 per year for the first 3 years 4200

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