Question
A perpetuity will pay $3000 per year, starting seven years after the perpetuity is purchased. What is the present value (PV) of this 261 perpetuity
A perpetuity will pay $3000 per year, starting seven years after the perpetuity is purchased. What is the present value (PV) of this 261 perpetuity on the date that it is purchased, given that the interest rate is 8%?
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
