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Quiz1-Chapter6
Quiz1-Chapter6
4
Finance
Graduate
08/21/2013
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Term
Perpetuity:
 Definition
An annuity in which the cash flows continue forever
Term
Perpetuity of Present Value:
 Definition
Cash amount divided by the rate of return
Term
Effective Annual Rate (EAR):
 Definition
The interest rate expressed as if it were compounded once per year
Term
Annuity due
 Definition
An annuity for which the cash flows occur at the beginning of the period.
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