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9.8. What is the present value of a perpetuity of $100 per year if the appropriate discount rate is 7 percent? Suppose that interest rates

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9.8. What is the present value of a perpetuity of $100 per year if the appropriate discount rate is 7 percent? Suppose that interest rates doubled in the economy and the appropriate discount rate is now 14 percent. What would happen to the present value of the perpetuity

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