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
3
Transcribed Image Text:What's the rate of return you would earn if
you paid $1,480 for a perpetuity that pays
$75 per year?
a. 10.14%
b. 5.34%
c. 2.53%
d. 10.68%
e. 5.07%
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