A perpetuity is having steady cash flow. Year 1 payment is $1,000 and it will continue to
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A perpetuity is having steady cash flow. Year 1 payment is $1,000 and it will continue to go for forever on a yearly basis. What is the present value of this perpetuity at 10% rate.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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