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3 years from today you will begin receiving an infinite stream of cash flow that starts at $20 and grows by 3% per year afterwards.
3 years from today you will begin receiving an infinite stream of cash flow that starts at $20 and grows by 3% per year afterwards. If someone wanted to buy this stream of cash flow from you, what is the minimum price you should accept if your discount rate is 6% per year
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Behavioral Finance
Authors: Edwin Burton, Sunit N. Shah
1st Edition
111830019X, 978-1118300190
