A financial instrument pays $100 per year forever. If the appropriate interest rate is 6%,...
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Finance
A financial instrument pays $100 per year forever. If the appropriate interest rate is 6%, how much will pay to buy this instrument?
| $1,666.67 | ||
| $2,591.45 | ||
| $1,324.89 | ||
| $1,011.87 | ||
| impossible to compute, we need to know the investment horizon. |
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