Question
An investment promises to pay you $7,600 per year forever with the first payment today. If alternative investments of similar risk earn 1.2% per year,
An investment promises to pay you $7,600 per year forever with the first payment today. If alternative investments of similar risk earn 1.2% per year, determine the maximum you would be willing to pay for this investment.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
