Question
CUHK (SZ) plans to spend 50,000 per year to bring in a student from North Korea. The first payment will be made 6 months from
CUHK (SZ) plans to spend 50,000 per year to bring in a student from North Korea. The first payment will be made 6 months from today, and the plan will last forever. The discount rate is 7% per year. What is the present value of this commitment?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
