Question: Please show all calculations for this problem in Excel: A security offers a payment of $1,200 two years from now. Two months after that, the
Please show all calculations for this problem in Excel:
A security offers a payment of $1,200 two years from now. Two months after that, the security will provide a payment of $1,200 * 1.003. Payments will continue to grow at the same rate, coming once every two months and continuing forever. The appropriate discount rate for all cash flows is 5.8% per year, monthly compounded. What is today's value of the security?
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