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Someone offers you a security which pays $n at the end of the nth year until forever (i.e., it pays $1 at the end of
Someone offers you a security which pays $n at the end of the nth year until forever (i.e., it pays $1 at the end of the first year, $2 at the end of the second year, and so on). If the annually compounded interest rate is 10% per year, what is the fair price of such security?
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