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Compute the present value of a perpetual bond that pays a monthly cash flow of $1,000 at an annual interest rate of 12 percent. $101,000$8,333.33$9,333.33$100,000

Compute the present value of a perpetual bond that pays a monthly cash flow of $1,000 at an annual interest rate of 12 percent.

$101,000$8,333.33$9,333.33$100,000

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