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You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. Morgan D is 2/25/19

You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. image text in transcribed
Morgan D is 2/25/19 720 Homework: Homework Assignment 02 (Fin. Maths II) Score: 0 of 10 pts HYV Score: 65%, 65 of 10 5% per year for the next 17 years. Once the patent expires, other pharmaceutical companies wit be abile to produce the same drug and compettion will skely drive profts to zero. What is the present value of the new drug

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