=19/Show that at 8% there is little difference between the value of a perpetual income and that
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=19/Show that at 8% there is little difference between the value of a perpetual income and that of a security that offers a constant annual income equal to that of the perpetual income for only 40 years. Show that this will be even more correct if the rate of return is 15%.
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Related Book For
Corporate Finance Theory And Practice
ISBN: 9781118849330
4th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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