Suppose that you have inherited a perpetuity that will pay $3,000 one year from now,...
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Accounting
Suppose that you have inherited a perpetuity that will pay $3,000 one year from now, each of the following annual payments will be 5% larger than the prior payment. Assuming that the annual opportunity cost of capital is 15%, what is the value of this perpetuity today? Round your final answer to two decimals
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