David paid $5625 for a perpetuity with payments of $450 per year. His rate of return is

Select one:

a . 8%

b. .8%

c. 12.5%

d. 1.25%

David paid $5625 for a perpetuity with payments of $450 per year. His rate of return is Select one: a. 8% b. .8% c. 12.5% d. 1.25%