Answered: Present Value of a Perpetuity What's…

Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a $170 payment made every year forever? Multiple Choice $2.537.31 $1,139.00 $1,700.00 $11.39

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Present Value of a Perpetuity What's the present value, when interest rates are 6.70 percent, of a $170 payment made every year forever?
Multiple Choice
O $2,537.31
$1,139.00
$1,700.00
O $11.39

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