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An investment is expected to generate monthly cash flows forever, with the first cash flow coming exactly 1 month from today and each subsequent cash
An investment is expected to generate monthly cash flows forever, with the first cash flow coming exactly month from today and each subsequent cash flow coming exactly one month after the previous cash flow. The amount of the first cash flow is expected to be $ Each subsequent cash flow is expected to be g times the amount of the previous cash flow. The discount rate applicable to this investment is per year compounded monthly. The value of this investment today is $ What is the growth rate, g of the cash flows generated by this investment? Round all intermediate calculations to decimal points. Your final answer should be within of the correct answer choice.
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