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An investment promises a return of $ 10,0 00 per year for 10 years, with the first payment occurring a year from now. If your

An investment promises a return of $10,000 per year for 10 years, with the first payment occurring a year from now. If your required return is 10% a year, what should the price ofthe investment be today? What should the price be if the payments occurred for 40 years? What if the payments occurred forever (in perpetuity)?

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