A perpetuity paying 10 at the beginning of each quarter has a present value of 200. A second perpetuity pays X at the beginning of
A perpetuity paying 10 at the beginning of each quarter has a present value of 200. A second perpetuity pays X at the beginning of every 3 years. Assuming the same annual effective interest rate, the two present values are equal. Determine X.
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Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
