Question
A perpetuity of $1,000 per year beginning immediately is said to offer a 12% interest rate. What is its present value? A. $8,333.33 B. $9,333.33
A perpetuity of $1,000 per year beginning immediately is said to offer a 12% interest rate. What is its present value? A. $8,333.33 B. $9,333.33 C. $10,000.00 D. $12,000.00
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
