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A perpetuity pays $ 1 3 0 per year and interest rates are 7 . 8 percent. How much would its value change if interest

A perpetuity pays $130 per year and interest rates are 7.8 percent. How much would its value change if interest rates increased to 9.3 percent? (Round your answer to 2 decimal places.)
Change in value
Did the value increase or decrease?
decrease
increase
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