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by ohyoutravel
1517 days ago
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Thanks for the explanation, I saw the formula in the OP for pricing it and it seemed like using that simple formula, the price should be infinity. I came to ask about that and your comment answered the would-be question. Thanks! |
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Deriving the value of a perpetuity is simple but revealing [1].
[1] http://fahmi.ba.free.fr/docs/Courses/2012%20HEC/FBA_FE_Chap1...