Question
An investment promises to pay you $9,000 per year forever with the first payment at time 1. If alternative investments of similar risk earn 1.27%
An investment promises to pay you $9,000 per year forever with the first payment at time 1. If alternative investments of similar risk earn 1.27% per year, determine the maximum you would be willing to pay for this investment.
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
