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British government 4 . 9 % perpetuities once paid 4 . 9 interest each year forever. Another bond, 3 . 4 % perpetuities, paid 3
British government perpetuities once paid interest each year forever. Another bond, perpetuities, paid a year forever.
What was the value of perpetuities if the longterm interest rate was
Note: Round your answer to decimal places.
What was the value of perpetuities?
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