Suppose a condo generates $14,500 in cash flow at the end of year one. If the cash flows grow at 1% per year, the interest
Suppose a condo generates $14,500 in cash flow at the end of year one. If the cash flows grow at 1% per year, the interest rate is 12%, and the building will be torn down in 17 years (the building is worthless after 17 years), what is the most you would pay for the condo today?
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Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
