Question
A perpetuity makes monthly cash payments of $200. If the first cash payment is made in six months' time, in which month is the present
A perpetuity makes monthly cash payments of $200. If the first cash payment is made in six months' time, in which month is the present value of the perpetuity determined?
| a. | Month 6 | |
| b. | Month 5 | |
| c. | Month 1 | |
| d. | Month 0 |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
