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Dante purchase two perpetuities, X and Y , that have the exact same value to him today: - Perpetuity X will pay him $ 1

Dante purchase two perpetuities, X and Y, that have the exact same value to him today: - Perpetuity X will pay him $1,000 every 2 years, with the first payment 2 years from today. -Perpetuity Y will pay him $Cy every 3 years, with the first payment 1 year from today. Dante views both payments as equally risky and so uses the same effective annual rate of 6.00% to discount both assets. What is the value of Perpetuity's Y cash flow, $Cy?

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