Question
A perpetuity pays $100 each and every year forever. The duration of this perpetuity will be __________ if its yield is 9.9%.
A perpetuity pays $100 each and every year forever. The duration of this perpetuity will be __________ if its yield is 9.9%.
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
