Question
What is the present value of a perpetual stream of flows that pays $3,000 at the end of year one and the annual cash flows
What is the present value of a perpetual stream of flows that pays $3,000 at the end of year one and the annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rate is 9%? What if the appropriate discount rate is 7%?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
