Question
A growing perpetuity pays $7 next year, and grows by 3% per year indefinitely. If the interest rate is 9% per year, what is
A growing perpetuity pays $7 next year, and grows by 3% per year indefinitely. If the interest rate is 9% per year, what is the PV of this growing perpetuity? O $84.78 O infinity O $116.67 O $58.33 O $77.78
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