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A perpetuity-immediate pays X per year. Stacey receives the first n payments, Ashley receives the next n payments, and Karen receives the remaining payments. Stacey's

A perpetuity-immediate pays X per year. Stacey receives the first n payments, Ashley receives the next n payments, and Karen receives the remaining payments.

Stacey's share of the present value of the original perpetuity is 23%, and Karen's share is K. Calculate K.

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