JPX's decides to value a property based on its expected net after-tax monthly cash flow of $7,400, as if it were a perpetuity.  Assuming the next cash flow is received one-month from today, what is the property value given a discount rate of 11.52% APR, compounded monthly?    A) 770808 B) 770833 C) 770865 D) 770912

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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JPX's decides to value a property based on its expected net after-tax monthly cash flow of $7,400, as if it were a perpetuity.  Assuming the next cash flow is received one-month from today, what is the property value given a discount rate of 11.52% APR, compounded monthly?   

A) 770808
B) 770833
C) 770865
D) 770912
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