If the interest rate is 10 what is the present value of a


if the interest rate is 10%, what is the present value of a security that pays you $1100 next year, $1210 the year after, and $1331 the year after? if the security sold for $3500, is the yield to maturity greater or less then 10%? Why?

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Econometrics: If the interest rate is 10 what is the present value of a
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