A bond that promises a series of payments on different dates is a perpetuity.
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Q7: It would be irrational to promise to
Q8: Future productivity increases will be reflected in
Q9: Artists as a whole would be better
Q10: Firms have an incentive to practice planned
Q11: The present value of a perpetuity falls
Q13: Without inflation the real interest rate is
Q14: Increases in interest rates lead to overall
Q15: The market interest rate equals the absolute
Q16: If an annual tax of $560 per
Q17: The value of a productive asset is
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