Question
You are considering making an investment that promises to pay you $500 per year each year forever. You will receive the first payment one year
You are considering making an investment that promises to pay you $500 per year each year forever. You will receive the first payment one year after you purchase the investment. You require a 1 percent return on this type of investment. What should you be willing to pay to purchase this investment today?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
