Question
An investment promises you $2 at the end of Year 1 and then $4 at the end of Year 2. After that, the CF will
An investment promises you $2 at the end of Year 1 and then $4 at the end of Year 2. After that, the CF will grow at 5% each year forever. If the discount rate is 10%, what is the PV of the cash flows?
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Financial Management For Public Health And Not For Profit Organization
Authors: Steven A. Finkler
3rd International Edition
0138152772, 9780138152772
