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(Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $2500 at the end of

(Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $2500 at the end of year one and the annual cash flows grow at a rate of 2 % per year indefinitely, if the appropriate discount rate is 15 %? What if the appropriate discount rate is 13 %?

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