(Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $50 perpetuity discounted back to the present at 11 percent? The present value of the perpetuity is $ (Round to the nearest cent.)
(Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $50 perpetuity discounted back to the present at 11 percent? The present value of the perpetuity is $ (Round to the nearest cent.)
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
Related questions
Question
unit 6-3
Transcribed Image Text:(Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $50 perpetuity discounted back to the present at 11 percent?
The present value of the perpetuity is $
(Round to the nearest cent.)
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