Question: Problem 5 You have until 3:46 PM to complete this assignment. Intro A security pays $800 every 6 years forever. The appropriate discount rate is

 Problem 5 You have until 3:46 PM to complete this assignment.

Problem 5 You have until 3:46 PM to complete this assignment. Intro A security pays $800 every 6 years forever. The appropriate discount rate is 4% (EAR). Part 1 | Attempt 1/1 for 10 pts. What is the value of the security if the first payment occurs 5 years from now? 0+ decimals Submit

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