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Assume that you have just purchased an investment at Year 0 that will give you payments of $ 1 0 0 in each of Years

Assume that you have just purchased an investment at Year 0 that will give you payments of $100 in each of Years 1 through infinity (a perpetuity), and an additional $200 in each of Years 15 through infinity (a second perpetuity), and an additional $300 in each of Years 30 through infinity (a third perpetuity). Also assume that the appropriate nominal, annual discount rate is 8 percent. Given this information, detrmine the maximum that you should have been willing to pay for this investment. $1,715.78 $1,463.14 $2,049.95 $3,139.02 $2,503.63

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