Question
A perpetuiy will pay $1000 per year, starting three years after the perpetuity is purchased. What is the present value (PV) of this perpuity on
A perpetuiy will pay $1000 per year, starting three years after the perpetuity is purchased. What is the present value (PV) of this perpuity on the date that it is purchased given that the interest rate is 3%.
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
