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1. The present value of a perpetuity can be determined as 2. In the case of multiple periods per year and positive periodic rates, the
| 1. The present value of a perpetuity can be determined as | |||||
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2. In the case of multiple periods per year and positive periodic rates, the annual percentage rate of interest (APR) is
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3. All else equal, longer maturity bonds will
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4. Many finance professionals prefer to use the
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