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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 that will give you payments of $ in each of Years through infinity a perpetuity and an additional $ in each of Years through infinity a second perpetuity and an additional $ in each of Years through infinity a third perpetuity Also assume that the appropriate nominal, annual discount rate is percent. Given this information, detrmine the maximum that you should have been willing to pay for this investment. $ $ $ $ $
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