Question
Corporate Finance Exercise AirCo promises to pay victims of their recent legionnaire`s outbreak $5,000 per year beginning exactly 3 years from today with payments continuing
Corporate Finance Exercise
AirCo promises to pay victims of their recent legionnaire`s outbreak $5,000 per year beginning exactly 3 years from today with payments continuing indefinitely. If the appropriate discount rate is 15% per annum, what is its present value of this offer (to the nearest dollar)?
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
