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If an investment is expected to make year - end payments of $ 1 . 5 0 for the next three years followed by $
If an investment is expected to make yearend payments of $ for the next three years
followed by $ per year in perpetuity indefinitely how much should an investor be willing to
pay for this investment that is what is the present value of the investment if the investor
requires a compounded quarterly rate of return?
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