An investment product promises to pay you PHP20,000 in dividends every year forever. What is the maximum price you would pay for this product if you required at least a 10% annual return on your investment?

An investment product promises to pay you PHP20,000 in dividends every year forever. What is the maximum price you would pay for this product if you required at least a 10% annual return on your investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 22P

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