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If you invest $16,000 youll receive $3,000 annually forever. Alternatively, you could invest $15,000 and receive $2,920 annually forever. If youre indifferent between these two
If you invest $16,000 youll receive $3,000 annually forever. Alternatively, you could invest $15,000 and receive $2,920 annually forever. If youre indifferent between these two investments, whats their NPV?
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
