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[ Ch 6 ] Rose is considering buying an asset today that will make a payment every month forever. The first payment of $ 3
Ch Rose is considering buying an asset today that will make a payment every month forever. The first payment of $ will be made later today after she buys it and subsequent payments grow at a constant rate. Given the required return of per month, the most Rose is willing to pay for this asset is $ What must be the monthly growth rate of payments?
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