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A financial instrument pays $100 per year forever. If the appropriate interest rate is 6%, how much will pay to buy this instrument? $1,666.67 $2,591.45

A financial instrument pays $100 per year forever. If the appropriate interest rate is 6%, how much will pay to buy this instrument?

		$1,666.67
		$2,591.45
		$1,324.89
		$1,011.87
		impossible to compute, we need to know the investment horizon.

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