Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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3. A certain investment will pay you $50 at the end of every 6 months for 17 years. At the end of the 17 years, the investment will pay you an additional $1000 along with the last regular $50 payment. What is the fair market value of the investment if the prevailing rate of return is 8.5% compounded semiannually?
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Transcribed Image Text:3. A certain investment will pay you $50 at the end of every 6 months for 17 years. At the end of the 17 years, the investment will pay you an additional $1000 along with the last regular $50 payment. What is the fair market value of the investment if the prevailing rate of return is 8.5% compounded semiannually?
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