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A perpetuity paying 1 at the beginning of each 6-month period has a present value of 20. A second perpetuity pays X at the beginning

A perpetuity paying 1 at the beginning of each 6-month period has a present value of 20. A second perpetuity pays X at the beginning of every 2 years. Assume the same annual effective interest rate, the two present values are equal. Determine X.

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