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2. Which would you prefer: A $1,500 perpetuity or a 15 year $3,000 ordinary annuity and another 15 years annuity paying $2,800 with the first

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2. Which would you prefer: A $1,500 perpetuity or a 15 year $3,000 ordinary annuity and another 15 years annuity paying $2,800 with the first payment today, assuming 4% discount rate? How will your answer change if the discount rate is 12%

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