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A perpetuity paying 1 at the beginning of each 4-month period has a present value of 20. A second perpetuity pays X at the end
A perpetuity paying 1 at the beginning of each 4-month period has a present value of 20. A second perpetuity pays X at the end of every 3-year period. Assuming the same annual effective interest rate, the two present values are equal. Calculate X. Round your answer to one decimal place
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