Question
A growing perpetuity' with a first payment of $17,500 grows at a constant rate, g . If the present value of this perpetuity is $1,000,000,
A growing perpetuity' with a first payment of $17,500 grows at a constant rate, g. If the present value of this perpetuity is $1,000,000, what is the growth rate of the cash flows, given that the interest rate is 6%?
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Financial Management Principles And Applications
Authors: Sheridan Titman
9th Edition
0655705457, 9780655705451
