A security pays $700 every 7 years forever. The appropriate discount rate is 9% per year .

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A security pays $700 every 7 years forever. The appropriate discount rate is 9%per year. The first payment is made in 7 years.What is the value of the security?

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Posted Date: Apr 02, 2024 08:28 AM

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A security pays $700 every 7 years forever. The appropriate discount rate is 9% per year .

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Financial Accounting A Critical Approach

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