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Incorrect Question 12 0 / 1 pts An asset promises to pay a growing stream of daily cash flows forever. The first payment of $8
Incorrect Question 12 0 / 1 pts An asset promises to pay a growing stream of daily cash flows forever. The first payment of $8 is paid tomorrow; this payment then grows by 0.005% every day forever (i.e., the payment in 2 days is $8 x 1.00005, and so on). What is the value of this asset today to the nearest dollar given the effective annual rate is 8%? 0 $35,132 $53,463 0 $49,728 O Cannot be determined $47,287
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