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Corporate finance You have an opportunity to buy a perpetuity that pays $351 monthly (for an infinite number of years). The monthly growth rate of

image text in transcribedCorporate finance
You have an opportunity to buy a perpetuity that pays $351 monthly (for an infinite number of years). The monthly growth rate of payments is 0.1%. The annual rate of return on this investment is 6% per year. What is the market price of the perpetuity? How much will gain (after buying it) if the annual interest rate drops to 4.8%

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