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A perpetuity-immediate pays X per year. Fritz receives the first n payments, Haley receives the next 4n payments, and Henry receives the remaining payments. Fritz's
A perpetuity-immediate pays X per year. Fritz receives the first n payments, Haley receives the next 4n payments, and Henry receives the remaining payments. Fritz's share of the present value of the original perpetuity is 30%, and Henry's share is K. Calculate K
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