Dozer want to sell you a note with face value

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Dozer want to sell you a note with a face value of $ 1000000.The face rate on the note is 10% and is payable in 4 equal payments which include interest at 10%. The note has four years left to run and is seasoned. a) how much would you pay for the note to earn 12% b) How much would you pay to earn 8%.

Reference no: EM131882189

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