31. You have decided to buy a perpetual bond. The bond makes one payment at the end...

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31. You have decided to buy a perpetual bond. The bond makes one payment at the end of every year forever and has an interest rate of 8%. If the bond initially costs $500, what is the payment every year?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 18, 2024 02:00 PM

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31. You have decided to buy a perpetual bond. The bond makes one payment at the end...

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Fundamentals Of Corporate Finance

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