Question
what is the present value of a perpetual stream of cash flows that pays $80,000 at the end of year one and then grows at
what is the present value of a perpetual stream of cash flows that pays $80,000 at the end of year one and then grows at a rate of 4% per year indefinitely? the rate of interest used to discount the cash flows is 13%
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
