Question
Bank offers you 3 Perpetuities: 1. Pays $6,000 every year, forever (= 6% interest) 2. Pays $6,600 every year, forever (= 6.7% interest) 3. Pays
Bank offers you 3 Perpetuities:
1. Pays $6,000 every year, forever (= 6% interest)
2. Pays $6,600 every year, forever (= 6.7% interest)
3. Pays $7,000 every year, forever (= 6.8% interest)
You have $100,000 to invest. Which option would you choose?
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
