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Chuck's of Czechia is selling a perpetual bong that will provide the bondholder with $50/year forever. The first payment to the bondhodler is later
Chuck's of Czechia is selling a perpetual bong that will provide the bondholder with $50/year forever. The first payment to the bondhodler is later this afternoon and then the following payment is one year from now. Assuming an interest rate of 6%, what is the value of this bond? Choose the closest. $333.33 $883.33 $833.33 $666.67
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
