If you are willing to pay $46,638 today to receive $4,991 per year forever then your required rate of return must be %. Assume the first payment is received one year from today.

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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If you are willing to pay $46,638 today to receive $4,991
per year forever then your required rate of return must be
%. Assume the first payment is received one year from
today.
Transcribed Image Text:If you are willing to pay $46,638 today to receive $4,991 per year forever then your required rate of return must be %. Assume the first payment is received one year from today.
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