1.2. How do investors calculate the net present value of a bond? If the interest rate is...

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1.2. How do investors calculate the net present value of a bond? If the interest rate is 5 percent, what is the present value of a perpetuity that pays

$1000 per year forever?

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Microeconomics

ISBN: 9780132080231

7th Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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