Question: Please help with part 2 Intro A security pays an annual dividend of $1.1 forever. The appropriate discount rate is 9% per year. Part 1

Please help with part 2
Intro A security pays an annual dividend of $1.1 forever. The appropriate discount rate is 9% per year. Part 1 - Attempt 1/2 for 10 pts. What is the present value of this security if the first payment is made one year from now? 12.2 Correct Part 2 les Attempt 1/2 for 10 pts. What is the present value of this security if the first payment is made two years from now? (The security still makes annual payments after that as before.) 1+ decimals Submit
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