Question
The purchase price on a piece of land is $650. The marginal tax rate is 8% and the nominal terminal value is $967. There is
The purchase price on a piece of land is $650. The marginal tax rate is 8% and the nominal terminal value is $967. There is an inflation rate of 4% and a growth rate of 3%What is the nominal after-tax terminal value?
| $954.32 | ||
| $941.64 | ||
| $957.49 | ||
| None of the answers are correct |
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
