Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hi what is the present value of an asset that pays $1 a year in perpetuity? The question does not give you the interest rate
hi
what is the present value of an asset that pays $1 a year in perpetuity?
The question does not give you the interest rate to input the formula: PV = CF/i
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started