Question
You have the opportunity to buy an investment asset that pays $1,200 annually forever. Your required rate of return on this investment is 5 percent.
You have the opportunity to buy an investment asset that pays $1,200 annually forever. Your required rate of return on this investment is 5 percent. You should be essentially indifferent to buying or not buying the investment if it were offered at a price of?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
