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Problem 5-27 Present Value of a Perpetuity (LG5-5) A perpetuity pays $130 per year and interest rates are 7.8 percent. How much would its value

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Problem 5-27 Present Value of a Perpetuity (LG5-5) A perpetuity pays $130 per year and interest rates are 7.8 percent. How much would its value change if interest rates increased to 9.3 percent? (Round your answer to 2 decimal places.) Change in value Did the value increase or decrease? decrease increase

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