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2. A 38-year maturity financial asset is expected to have a cash flow of $482 one year from today. The cash flow is expected to
2. A 38-year maturity financial asset is expected to have a cash flow of $482 one year from today. The cash flow is expected to grow at a constant rate of 4.84% per year for its life. The required rate of return on the asset is 12%. What is the maximum price that an investor should be willing to pay for that asset today
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