Question 7 0/1 pts Each year, Muriel's investment property generates income depending on the state of the economy. There is a 57% chance of a boom year, in which case she receives $12,850. In non-boom years, she receives $5,989. Her property will continue generating income forever, and the appropriate discount rate is 11.3%. What would be a fair price for Muriel's property? red 9,899.77 wer 87,609 margin of error +/- 1 Question 5 0 / 1 pts Rachel will receive $399 per year for the next 5 years, with the first payment arriving today. If the appropriate discount rate for this cash flow is 9.1%, what is present value of the payments Rachel is receiving? ered 435.309 swer 1,689 margin of error +/- 1 Question 6 0 / 1 pts Vincent owns a perpetual bond that makes yearly payments. The first payment is $640, which he will get one year from today. The coupon grows at 1.6% per year, and the discount rate is 7.3%. What is Vincent's bond worth? ered 596.46 swer 11,228 margin of error +/- 1