Perpetuities and AnnuitiesIn this chapter, we maintain the assumptions of the previous chapter:• We assume perfect markets, so we assume four market features:1. No differences in opinion.2. No taxes.3. No transaction costs.4. No big sellers/buyers. Important: You need your calculator! Scan Chp. 3 and lecture notes before class.07/11/11 23:23ReferencesCorporate Finance: An Introduction(Welch, 2009, Prentice Hall)Chapter 3
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