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Memphic Memphic
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6 years ago
Consider a growing perpetuity that will pay $100 in one year.  Each year after that, you will receive a payment on the anniversary of the last payment that is 6% larger than the last payment.  This pattern of payments will continue forever.  If the interest rate is 11%, then the value of this perpetuity is closest to:
A) $1667
B) $588
C) $2000
D) $909
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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pbrown223pbrown223
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6 years ago
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