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an electric company has offered the following perpetuity to investors to raise capital for the firm. the perpetuity will pay $1 next year and it
an electric company has offered the following perpetuity to investors to raise capital for the firm. the perpetuity will pay $1 next year and it is promised to grow at 4% per year there after. If you can earn 8% on invested money, how much would you pay today for this perpetuity?
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