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Question 10 (1 point) An investment promises to pay a growing stream of cash flows at the end of every year forever. The first cash

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Question 10 (1 point) An investment promises to pay a growing stream of cash flows at the end of every year forever. The first cash flow to be received, one year from now, is $200. The cash flows will then grow at a constant rate of 1% per year compounded annually forever. How much would you be willing to pay for this investment if your required return is 8% per year compounded annually? Round your answer to the nearest dollar. Do not include the dollar sign. Your

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