Question
A biannual perpetuity pays $10,000 every two years. It was issued last year, so, it will make its next payment 1 year from now, second
A biannual perpetuity pays $10,000 every two years. It was issued last year, so, it will make its next payment 1 year from now, second payment 3 years from now, and so on in perpetuity. The annual semi-annually compounded interest rate is 8%. Find the price of this perpetuity
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
