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Business, 11.03.2020 21:33 charlesiarenee0

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?

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Tobi owns a perpetuity that will pay $1,500 per year, starting one year from now. He offers to sell...
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