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You have the opportunity to buy a perpetuity that pays $35,879 annually. Your required rate of return on this investment is 10.5 percent. You should
| You have the opportunity to buy a perpetuity that pays $35,879 annually. |
| Your required rate of return on this investment is 10.5 percent. You |
| should be essentially indifferent to buying or not buying the investment |
| if it were offered at a price of ______ |
$341,704.76
$351,704.76
$331,704.76
$321,704.76
$311,704.76
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
