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Related to Checkpoint 6.5)

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Related to Checkpoint 6.5) [Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $6,000 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 12%? What itthe appropriate discount rate is 10%?

 
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