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Question 21 (4 points) 1. You have the opportunity to buy a perpetuity which pays $1,200 annually. Your required rate of return on this investment

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Question 21 (4 points) 1. You have the opportunity to buy a perpetuity which pays $1,200 annually. Your required rate of return on this investment is 6 percent. What is the present value of this perpetuity? $15,000.00 $20,000.00 O $10,000.00 $20,500.00

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