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question 6.11 What is the present value of a perpetual stream of cash flows that pays $5,000 at the end of year one and the
question 6.11 What is the present value of a perpetual stream of cash flows that pays $5,000 at the end of year one and the annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rate is 9%? What if the appropriate discount rate is 7%?
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
