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The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever.
The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. Assume the required return on this investment is 7.9 percent. How much will you pay for the policy
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Financial Accounting Theory
Authors: William R Scott
5th Edition
0132072866, 978-0132072861
