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b) A perpetuity immediate pays RMX per year. Nazrul receive the n payment, Shima receive the next n payment and Saful receive the remaining payments.

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b) A perpetuity immediate pays RMX per year. Nazrul receive the n payment, Shima receive the next n payment and Saful receive the remaining payments. Nazrul's share of the present value of the original perpetuity is 40% and Saiful's share is K. Calculate K (10 marks)

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