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Present Value of a Perpetuity A perpetuity pays $290 per year and interest rates are 6.9 percent. How much would its value change if interest

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Present Value of a Perpetuity A perpetuity pays $290 per year and interest rates are 6.9 percent. How much would its value change if interest rates increased to 9.4 percent? Multiple Choice $1,11779 increase $1,117.79 decrease $725.00 decrease $725.00 increase

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