What is the value of an investment that pays $25,000every other year forever, if the first payment

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What is the value of an investment that pays $25,000every other year forever, if the first payment occurs one year from today and thediscount rate is 8 percent compounded daily? What is the value today if the first payment occurs four years from today?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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