Question
You are being offered an investment that will pay you (and your heirs) $10,577 per year forever, starting 15 years from now. If your discount
You are being offered an investment that will pay you (and your heirs) $10,577 per year forever, starting 15 years from now. If your discount rate on this investment is 5.8 percent, how much would you be willing to pay for it today?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
