Question
What is the prevailing interest rate if a perpetual bond were to pay $100,000 per year beginning next year (time 1) and payments grow with
What is the prevailing interest rate if a perpetual bond were to pay $100,000 per year beginning next year (time 1) and payments grow with the inflation rate at about 2% per year, assuming the bond costs $1,000,000 today?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
4th Edition
1567932800, 978-1567932805
