Question
You will receive a cash flow from a business of 13,587 today growing at 3 percent per year indefinitely. Assume that you can earn 6
You will receive a cash flow from a business of 13,587 today growing at 3 percent per year indefinitely. Assume that you can earn 6 percent on your money. How much should you pay for this business? Round your answer to 2 decimal places.
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
