Question
A security pays $700 every 7 years forever. The appropriate discount rate is 9% per year . The first payment is made in 7 years.What
A security pays $700 every 7 years forever. The appropriate discount rate is 9%per year. The first payment is made in 7 years.What is the value of the security?
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
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