Tobi owns a perpetuity that will pay $1,500 per year, starting one year from now. He offers to sell you all of the remaining payments after the first 25 annual payments have been paid. What price should you offer him for payments 26 onward if you desire a rate of return of 8 percent?

To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b.the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.