Jane wants to buy a perpetuity bond that pays her $2,000 per month in perpetuity. The first
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Jane wants to buy a perpetuity bond that pays her $2,000 per month in perpetuity. The first payment is made in the day of purchase. The present worth of the bond future payments is $202,000. What is the interest rate per month (discount rate) for this bond?
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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