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A security pays $800 every 9 years forever. The appropriate discount rate is 5% (EAR). What is the value of the security if the first
A security pays $800 every 9 years forever. The appropriate discount rate is 5% (EAR). What is the value of the security if the first payment occurs 4 years from now?
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Entrepreneurship Successfully Launching New Ventures
Authors: Bruce R. Barringer, R. Duane Ireland
5th edition
978-0133797190
