Question
A perpetuity pays X at the end of the third year, 2X at the end of the sixth year, 3X at the end of the
A perpetuity pays X at the end of the third year, 2X at the end of the sixth year, 3X at the end of the ninth year, etc. At a 6% annual effective interest rate, the present value of the perpetuity is 655.56. Calculate X.
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Edition
0134083245, 9780134083247
