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An investment offers to pay $840 a year forever starting at the end of year 5. If the interest rate is 18%, what is the
An investment offers to pay $840 a year forever starting at the end of year 5. If the interest rate is 18%, what is the investment's value today? (Assume annual compounding)
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Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo
5th Global Edition
1292304154, 978-1292304151
