ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
14th Edition
ISBN: 9781119709954
Author: Weygandt
Publisher: WILEY
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A company has an asset that generates a perpetual cash flow stream of $25,000 annually. If the present value of the asset is $312,500, what is the annual interest rate? a) 10 percent b) 5 percent c) 12 percent d) 8 percent need answer
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