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Suppose that a person currently holds a perpetuity, that $12,000 is paid by this perpetuity at the end of each year, and that interest rate

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Suppose that a person currently holds a perpetuity, that $12,000 is paid by this perpetuity at the end of each year, and that interest rate = 8%. This person wants to sell to you all of the payments to be received after the 10th year. Explain how much are you willing to pay to this person

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