Question: A perpetuity is worth_______ than an annuity, and a constant annuity is worth ______ than a growing annuity. (assuming the normal circumstances where the discount
A perpetuity is worth_______ than an annuity, and a constant annuity is worth ______ than a growing annuity. (assuming the normal circumstances where the discount rate exceeds the growth rate and where the growth is positive)
A. More, more
B. More, less
C. less, more
d. less, less
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