Question: ( Related to Checkpoint 6 . 5 ) ( Present value of a growing perpetuity ) a . What is the present value of a
Related to Checkpoint Present value of a growing perpetuity aWhat is the present value of a perpetual stream of cash flows that pays $ at the end of year one and the annual cash flows
grow at a rate of per year indefinitely, if the appropriate discount rate is b What if the appropriate discount rate is
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