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    That is what I thought...but then, we also see in...

    I did not use ASM for FM, but I don't think 11 edition would have any major issue on important concepts.

    PV of yearly perpetuity immediate of 1 is 1/i where i is the effective interest rate.

    PV...
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    ASM Perpetuity Confusion

    Hello all,

    When I am dealing with m-thy payment perpetuities, (pg. 177 11th edition) if anyone has it.

    The book keeps saying that the PV formula, for say, a m-thly perpetuity-immediate with...
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