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Given a security with a beta of 4 and a risk-free rate of 6%, what is the present value of a perpetuity that pays $120

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Given a security with a beta of 4 and a risk-free rate of 6%, what is the present value of a perpetuity that pays $120 annually starting in 1 year if the market rate is 10%? Select one: O a. $545 O b. $890 c. $401 O d. $504 e. $703

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