Question
An investment promises to pay you $1,000 per year forever with the first payment today. If alternative investments of similar risk earn 1.16% per year,
An investment promises to pay you $1,000 per year forever with the first payment today. If alternative investments of similar risk earn 1.16% per year, determine the maximum you would be willing to pay for this investment.
Enter your response below (rounded to 2 decimal places).
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The Business Of Personal Finance
Authors: Joseph Calandro Jr, John Hoffmire
1st Edition
1032104562, 978-1032104560
