To help a university improve its education quality, a foundation plans to pay the university $2 million

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To help a university improve its education quality, a foundation plans to pay the university $2 million at the end of every year in perpetuity with a constant growth rate of 5%. If the required return is 9%, calculate the present value of this gift.

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Oct 02, 2023 01:08 AM

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To help a university improve its education quality, a foundation plans to pay the university $2 million

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Fundamentals Of Corporate Finance

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