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Given an interest rate of 10 percent per year, what is the value at date t=9 of a perpetual stream of $1,600 payments with the

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Given an interest rate of 10 percent per year, what is the value at date t=9 of a perpetual stream of $1,600 payments with the first payment at date t=16? Multiple Choice $9,212.21 $8,210.53 $8,850.95 $9,031.58 $16,100.00

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