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Posted on Jul 10, 2024

A property will provide $ 1 1 , 6 1 0 a year forever. If its value is $ 1 2 9 , 0 0

A property will provide $

11, 610

a year forever. If its value is $

129, 000,

what must be the discount rate?

Note: Enter your answer as a percent rounded to

2

decimal places.

Discount rate

%

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