An ordinary perpetuity has semi-annual payments of $950 and is purchased for $ A . It pays
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An ordinary perpetuity has semi-annual payments of $950 and is purchased for $A. It pays interest at j2 = 9% for the first 5 years, and j2 = 7% thereafter. What is A? (Answer to the nearest dollar)
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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