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1. Suppose for an investment of $500, you will receive a monthly payment of $2 for perpetuity (forever). a) What is the equivalent annual interest

1. Suppose for an investment of $500, you will receive a monthly payment of $2 for perpetuity (forever). a) What is the equivalent annual interest rate for this investment? b) How does this relate to the purchase of a stock paying a monthly dividend of $2

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