Question
A perpetuity - a. has no Future Value and an infinite Present Value b. has a finite Future Value and an infinite Present Value c.
A perpetuity -
a. has no Future Value and an infinite Present Value
b. has a finite Future Value and an infinite Present Value
c. declines in value as the require rate of return (discount rate) declines
d. increase in value as the required rate of return (discount rate) declines
e. all of the above
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
