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1.What is the present value of a $ 70 perpetuity discounted back to the present at 13 percent? 2.What is the present value of a
1.What is the present value of a $70 perpetuity discounted back to the present at 13 percent?
2.What is the present value of a perpetual stream of cash flows that pays $90,000 at the end of year one and then grows at a rate of 5% per yearindefinitely? The rate of interest used to discount the cash flows is 11%
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