Question
Suppose that all possible types of perpetuities (differentiated in payment starting periods and payment amounts) are traded at fair prices in the market. In this
Suppose that all possible types of perpetuities (differentiated in payment starting periods and payment amounts) are traded at fair prices in the market. In this circumstance, could you find a fair price of all types of annuities?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
