Continuing the previous problem, what is the present value of this perpetuity if the first payment of
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Continuing the previous problem, what is the present value of this perpetuity if the first payment of $100 per year will not be received until five years from now, assuming that subsequent $100 payments will still occur once a year thereafter?
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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