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What is the present value of a perpetuity that pays $3,800 per year if the discount rate is 14 percent? a. $3,333.33 b. $27,142.86 c.
What is the present value of a perpetuity that pays $3,800 per year if the discount rate is 14 percent?
| a. | $3,333.33 | |
| b. | $27,142.86 | |
| c. | $22,800.00 | |
| d. | (Infinity) | |
| e. | $39,357.14 |
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
