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A prominent alumnus of your university has just donated $2,800,000 to fund a scholarship that will distribute $104,000 per year forever beginning in one year.
A prominent alumnus of your university has just donated $2,800,000 to fund a scholarship that will distribute $104,000 per year forever beginning in one year. For this to be true, what rate of return is expected on the donation
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
