Question
You are being offered an investment that will pay you (and your heirs) $11,732 per year forever, starting 15 years from now. If your discount
You are being offered an investment that will pay you (and your heirs) $11,732 per year forever, starting 15 years from now. If your discount rate on this investment is 7.5 percent, how much would you be willing to pay for it today?
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
