What is the fair price of this investment

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An investment pays $2,600 per year for the first 4 years, $5,200 per year for the next 6 years, and $7,800 per year the following 7 years (all payments are at the end of each year). If the discount rate is 10.25% compounding quarterly, what is the fair price of this investment? EXPLAIN ANSWER AND SHOW WORK

Reference no: EM13941257

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