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2 Decimal places. Please show steps and work i will rate thumbs up. You have an opportunity to buy a perpetuity paying $1000 annually, beginning

2 Decimal places. Please show steps and work i will rate thumbs up. image text in transcribed

You have an opportunity to buy a perpetuity paying $1000 annually, beginning in one year. If your required rate of return is 8.00 percent, the most you should pay for it is: Your

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