You have decided to buy a perpetuity. The bond makes one payment at the end of every
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You have decided to buy a perpetuity. The bond makes one payment at the end of every year forever and has an interest rate of 4%. If you initially put $5000 into the bond, what is the payment every year?
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In a perpetuity the annual payment is equal to the present ...View the full answer
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Related Book For
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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