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Given an interest rate of 9 percent per year, what is the value at date t= 7 of a perpetual stream of $600 payments with

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Given an interest rate of 9 percent per year, what is the value at date t= 7 of a perpetual stream of $600 payments with the first payment at date t= 12? Multiple Choice $4,628.38 $4,817.29 $4,722.83 $4,332.88 $6,766.67

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