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Question 3 (1 point) You just purchased a growing perpetuity. You paid $71,400 for the growing perpetuity. The perpetuity will make annual payments. The first

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Question 3 (1 point) You just purchased a growing perpetuity. You paid $71,400 for the growing perpetuity. The perpetuity will make annual payments. The first payment will be received 1 year from today. The amount of the first payment is $7,700. The payment will growth by {g}% per year. What is effective annual rate of return that you will earn? Your answer should be decimal form. It should be accurate to 3 decimal places. Therefore 10.5% would become .105. Your

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