Question
You are thinking about purchasing a security that provides a cash flow of 5182 SEK per year, in perpetuity. What is the present value of
You are thinking about purchasing a security that provides a cash flow of 5182 SEK per year, in perpetuity. What is the present value of this security, assuming a discount rate of 11.8 percent. (Answers are rounded to the nearest integer)
a) 5182 SEK
b) 10364 SEK
c) 611 SEK
d) 43915 SEK
e) 439 SEK
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
