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3. Derive the growing perpetuity formula. (Hint: this is very similar to what we did in class. Write out the PV of the (infinite) sum

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3. Derive the growing perpetuity formula. (Hint: this is very similar to what we did in class. Write out the PV of the (infinite) sum of discounted cash flows and multiply both sides by 1#7:) 1+g

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