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11. What's the present value of a perpetuity that pays $300 per year if the interest rate is 8%?* a) $3,250 Ob) $3,440 c) $3,750

11. What's the present value of a perpetuity that pays $300 per year if the interest rate is 8%?* a) $3,250 Ob) $3,440 c) $3,750 d) $3,960 e) None of the above

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