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An asset promises to pay $10,000 at the end of each year, forever, after 25 years. If you can earn an annual rate of return
An asset promises to pay $10,000 at the end of each year, forever, after 25 years. If you can earn an annual rate of return of 10%, should you pay the $10,000 today to receive payment from the 26th year and onwards? What does this suggest to you about the value of perpetual payments
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