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[5 points] A perpetuity-immediate will make quarterly payments of 50. The next payment will be made in three months. The quarterly effective interest rate is

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[5 points] A perpetuity-immediate will make quarterly payments of 50. The next payment will be made in three months. The quarterly effective interest rate is 4%. A perpetuity-due will make monthly payments of X. The next payment will be made immediately. The present value of the perpetuity-immediate is equal to the present value of the perpetuity-due. Calculate X

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