You are considered investing in a security which will return cash flows to you of $5,000 in the first year, $1,200 in the second year, and $2,000 in the third year. If you are hoping to earn 6.5%, what would you be willing to pay for this investment?

Answer rating: 100% (QA)

To determine what you would be willing to pay for this investment you ne... View the full answer