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5.Annuity versus perpetuity. You have just read an advertisement stating, Pay us $100 a year for the next ten years and we will pay you

5.Annuity versus perpetuity. You have just read an advertisement stating, "Pay us $100 a year for the next ten years and we will pay you $100 a year thereafter in perpetuity." If this is a fair deal, what is the implied rate of interest?

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