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What's the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%? Hint: note that perpetuity is an
What's the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%? Hint: note that perpetuity is an annuity continuing forever, so you can approximate it by putting N=99999999999
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
