Question
You want to endow What award for a university now that will pay $7, 000 per year forever, starting the first award 10 years from
You want to endow What award for a university now that will pay
$7, 000 per year forever, starting the first award
10 years from now. If the school's endowment discount rate is 9 %
what amount must you donate today to endow the award?
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Options Futures And Other Derivatives
Authors: John C. Hull
3rd Edition
0131864793, 9780306457555
