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(Present value of a perpetuity) At a discount rate of 13.00%, find the present value of a perpetual payment of $2,000 per year. If the

(Present value of a perpetuity)

At a discount rate of 13.00%, find the present value of a perpetual payment of

$2,000 per year. If the discount rate were lowered to 6.50%, half the initial rate,

what would be the value of the perpetuity?

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