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A perpetuity pays $85 per year and costs $2,980. What is the rate of return? Select the correct answer. O a. 3.45% O b. 2.55%

A perpetuity pays $85 per year and costs $2,980. What is the rate of return? Select the correct answer. O a. 3.45% O b. 2.55% O c. 2.85% O d. 2.25% O e. 3.15%

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