Given an interest rate of 4.7 percent per year, what is the value at date t =

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Given an interest rate of 4.7 percent per year, what is the value at date t = 7 of a perpetual stream of $3,100 payments that begins at date t = 15?


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Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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