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What is the present value of perpetual stream of cash flows

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Question - What is the present value of a perpetual stream of cash flows that pays ?$1,500 at the end of year one and the annual cash flows grow at a rate of 2?% per year? indefinitely, if the appropriate discount rate is 11?%?  What if the appropriate discount rate is 9?%?

Reference no: EM132830466

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