Question: A perpetuity will pay $1,000 per year, starting today - right after the perpetuity is purchased. What is the present value (PV) of this perpetuity

A perpetuity will pay $1,000 per year, starting today - right after the perpetuity is purchased. What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 10%?

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