Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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.You have an investment that currently has a value of $113.30 and includes annual cashflows that are expected to grow at an annual rate of 3.3% forever. How much is the first cashflow that occurs in one year if the cost of capital is 9.9%? (Round to the nearest cent)
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