What is the equation for the present value of a growing perpetuity with a payment of C
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What is the equation for the present value of a growing perpetuity with a payment of C one period from today if the payments grow by C each period?
PerpetuityPerpetuity refers to payments that are made without an end or maturity date. A perpetuity is classified as an annuity, which is something that earns a dividend or receives a payment at a regularly scheduled interval, generally yearly. So, how...
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Corporate Finance
ISBN: 978-0077337629
9th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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