Asked by waqas hashmi

Saleem has purchased an investment certificate having a face value of rs.50,000.It carries interest at the rate of 12% payable annually and would mature after 4 year.For how much can Saleem sell this investment to a person whose required rate of return is 10%.
Answered by Anonymous

x has purchased an investment certificate having a face Value of rs.50000. It carries interest at the rate of 12% payable annually and would mature after 4 years. For how much x can sell this certificate to a person whose required rate of return is 10%
Answered by waqas
not understand the statement please help
Answered by Waqas
Saleem has purchased an investment certificate having a face value of Rs. 50,000. It carries interest

at the rate of 12% payable annually and would mature after 4 years. For how much can Saleem

sell this investment to a person whose required rate of return is 10%.
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