A perpetuity pays $50 per year and interest rates are 9 percent. How much would its value change if interest rates decreased to 6 percent?
1 answer:
Answer:
We conclude that its value change for 277.8$.
Step-by-step explanation:
We know that a perpetuity pays $50 per year and interest rates are 9 percent. We calculate how much would its value change if interest rates decreased to 6 percent. We know that
9%=0.09
6%=0.06
We get
\frac{50}{0.09}=555.5
\frac{50}{0.06}=833.3
Therefore, we get 833.3-555.5=277.8
We conclude that its value change for 277.8$.
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