Question
At an effective annual interest rate i, the present value of a perpetuity that pays 10 at the end of every 3 years, with
At an effective annual interest rate i, the present value of a perpetuity that pays 10 at the end of every 3 years, with the first payment at the end of year 3, is 32. At the same effective annual rate i, the present value of a perpetuity that pays 1 at the end of every 4 months, with the first payment at the end of 4 months, is X. Calculate X
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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