Question
A perpetuity pays 2 at the end of the 4th year, 4 at the end of the 6th year, 6 at the end of the
A perpetuity pays 2 at the end of the 4th year, 4 at the end of the 6th year, 6 at the end of the 8th year, and so on. Find the present value (at time 0) of the perpetuity using the effective annual interest rate of 10%.
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Bond Markets Analysis And Strategies
Authors: Frank J Fabozzi
8th Edition
013274354X, 9780132743549
