Question
Imagine that the government decided to fund its current deficit of$431 billion dollars by issuing a perpetuity offering a4% annual return. How much would the
Imagine that the government decided to fund its current deficit of$431
billion dollars by issuing a perpetuity offering a4%
annual return. How much would the government have to pay bondholders each year in perpetuity? Express your answer in billions of dollars.
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
