Question
You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly five more
You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly five more years. Assuming an 8% annual interest rate, what is the value of this trust?
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
