Question
The Wanting Life Insurance Co., is trying to sell you an investment policy that will pay you and your heirs $30,000 per year forever, and
The Wanting Life Insurance Co., is trying to sell you an investment policy that will pay you and your heirs $30,000 per year forever, and the first payment will start 3 years from now. If the required return on this investment is 5.80%, how much will you pay for the policy?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
