What is the relationship between the value of an annuity and the level of interest rates? Suppose
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What is the relationship between the value of an annuity and the level of interest rates? Suppose you just bought a 10-year annuity of $2,000 per year at the current interest rate of 10 percent per year. What happens to the value of your investment if interest rates suddenly drop to 5 percent? What if interest rates suddenly rise to 15 percent?
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The value of an annuity is closely related to the level of interest rates An annuity is a series of ...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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