Question
Payments under a continuous perpetuity are made at the periodic rate of1.04^tat timet. The annual effective rate of interest is0.14. Find the present value of
Payments under a continuous perpetuity are made at the periodic rate of1.04^tat timet. The annual effective rate of interest is0.14. Find the present value of the perpetuity.
ANSWER = _______
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
