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Given an interest rate of 9 percent per year, what is the value at date t=6 of a perpetual stream of $1,200 payments with the

Given an interest rate of 9 percent per year, what is the value at date t=6 of a perpetual stream of $1,200 payments with the first payment at date t=11 ? Multiple Choice $9,445.67 $9,256.76 $8,665.75 $9,634.58 $13,433.33

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