Question 10 You are pricing a security with annual payments that grow over time. The...

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Question 10 You are pricing a security with annual payments that grow over time. The first payment will be $500 in a year from now and from payments. If the interest rate is 8% per year compounded annually, what should be the value of the instrument? $5,676,61 $4,909.07 $5,824.20 $6,509.67 n there on annual payments should grow at 2% per year to adjust for inflation. The instruments promises you a total of 20

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