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A deferred perpetuity that will make its first payment of $1m atthe end of the 10th year has a present value of $_______. Use 7.25%as

A deferred perpetuity that will make its first payment of $1m atthe end of the 10th year has a present value of $_______. Use 7.25%as the annual rate.

A. 6.8500m B. 7.3466m C. 7.1942m D. 6.923m

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