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3c. You have two options: From option C, you will receive a perpetuity of $300 every quarter starting from the end of the first year.

3c. You have two options: From option C, you will receive a perpetuity of $300 every quarter starting from the end of the first year. From option D, you will receive $3,200 for three quarters starting from the end of the first quarter. If the interest rate is 10% compounded quarterly, which one has a higher present value today?

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