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A perpetuity pays $180 per year and interest rates are 8.3 percent. How much would its value change if interest rates increased to 9.8 percent?
| A perpetuity pays $180 per year and interest rates are 8.3 percent. How much would its value change if interest rates increased to 9.8 percent? (Round your answer to 2 decimal places.) |
| Change in value | $ |
| Did the value increase or decrease? | ||||
|
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Principles Of Housing Finance Reform
Authors: Susan M. Wachter, Joseph Tracy
1st Edition
0812248627, 978-0812248623
