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You are to receive an annual $75 payment indefinitely. The market rate of interest for these types of payments is 8%. The price you would
You are to receive an annual $75 payment indefinitely. The market rate of interest for these types of payments is 8%. The price you would pay for this stream is:
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
