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QUESTION
(1pt) An investment offers $1 per year for 10 years, with the first payment occurring a year from now.If the required return is 10% a year, what is
- (1pt) An investment offers $1 per year for 10 years, with the first payment occurring a year from now. If the required return is 10% a year, what is the value of the investment today? What would the value be if the payments occurred for 40 years? What if the payments occurred forever (in perpetuity)?
