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What is the present value (PV) today of a stable perpetuity that pays $12,000 every 2 years, starting 7 years from today? The appropriate annual
What is the present value (PV) today of a stable perpetuity that pays $12,000 every 2 years, starting 7 years from today? The appropriate annual discount rate is 11% p.a. Round your answer to the nearest dollar. Do not include the $ symbol nor the separating comma, if any. Thus, for example, if the PV is $24,323.55 write 24324 in the answer box. (Acceptable error = $250)
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