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| rev | Admin | (Created page with "The term structure of spot interest rates is given in the table below: {| class="table" |- |'''Maturity (years)''' ||1 ||2 ||3|| 4|| 5|| 6 |- |'''Interest rate (%)''' ||3.5 ||3.0 ||4.0 ||4.0 ||4.0 ||4.0 |} You have just signed a lease on an office building with a rental payment of $1 million per year forever. The first payment is due one year from now. What is the present value of the lease? <ul class="mw-excansopts"> <li>22M</li> <li>23M</li> <li>24M</li> <li>25M</l...") | Dec 5'23 at 0:28 | +784 |