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Live Forever Life Insurance Company is selling a perpetuity contract that pays $ 1 , 5 0 0 monthly. The contract currently sells for $
Live Forever Life Insurance Company is selling a perpetuity contract that pays $ monthly. The contract currently sells for $
a What is the monthly return on this investment vehicle?
b What is the APR?
c What is the effective annual rate?
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
