Question
Suppose annually compounded zero rates for all maturities (with 30/360 daycount) are r. An annuity pays n at years n = 1,2,...,N. 1. What is
Suppose annually compounded zero rates for all maturities (with 30/360 daycount) are r. An annuity pays n at years n = 1,2,...,N.
1. What is the present value of the annuity?
2. What is the present value of the infinite annuity as N ?
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Dividend Stocks For Dummies
Authors: Lawrence Carrel
1st Edition
0470466014, 978-0470466018
