Question
Maybepay Life Insurance Co. is selling a perpetual contract that pays $6500/year. The contract currently sells for $102000. What is the rate of return on
Maybepay Life Insurance Co. is selling a perpetual contract that pays $6500/year. The contract currently sells for $102000. What is the rate of return on this investment? Enter answer with 4 decimals (e.g. 0.1234).
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
