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A perpetuity due pays X per year. Brian receives the first n payments. Sarah receives the next n payments and Courtney receives the remaining payments.
A perpetuity due pays X per year. Brian receives the first n payments. Sarah receives the next n payments and Courtney receives the remaining payments. Brian's share of the present value of the original perpetuity is 50% and Courtney's share is K. Calculate K.
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
