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 3% per year indefinitely? the rate of interest used to discount the cash flows is 11%
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
