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An Inquiry Into the Conditions Under Which a Single Endowment Trust Fund Will Provide Perpetual Funding for an Expense Stream Growing at a Compound Annual

Working Paper 73 | Published January 26, 1970

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Authors

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Preston J. Miller Former Vice President and Monetary Adviser

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Ron Kaatz Senior Vice President

An Inquiry Into the Conditions Under Which a Single Endowment Trust Fund Will Provide Perpetual Funding for an Expense Stream Growing at a Compound Annual