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(b) A very innovative investment banker has decided to introduce a comet perpetuity, to please astronomers. The asset makes its first payment of USD 2061
(b) A very innovative investment banker has decided to introduce a "comet perpetuity, to please astronomers. The asset makes its first payment of USD 2061 at the end of the year 2061 A.D., followed by a payment of USD 2137 at the end of year 2137, and then repeated so that every 76 years a payment is made of the amount equal to the year of the payment (which is also the year that Halley's comet passes our planet). The discount rate is r = 1% per year. It is December 31, 2014. Calculate the value of the comet perpetuity. = 2
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