Lecture3 - Chapter 3 23:23 Perpetuities and Annuities In...

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Perpetuities and Annuities In 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 23:23 References Corporate Finance: An Introduction (Welch, 2009, Prentice Hall) Chapter 3
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