Given an interest rate of 9 percent per year, what is the value at date t-6 of a perpetual stream of $1,200 payments with the first payment at date >= 15? Multiple Choice O $13,433.33 O $6.691.55 O $6,025.30 O $6.139.04 O $6,557.72

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Given an interest rate of 9 percent per year, what is the value at date t= 6 of a perpetual
stream of $1,200 payments with the first payment at date >= 15?
Multiple Choice
O $13,433.33
O $6.691.55
O
$6,825.38
O $6.139.04
O $6.557.72
Transcribed Image Text:Given an interest rate of 9 percent per year, what is the value at date t= 6 of a perpetual stream of $1,200 payments with the first payment at date >= 15? Multiple Choice O $13,433.33 O $6.691.55 O $6,825.38 O $6.139.04 O $6.557.72
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