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Suppose you have two perpetuities. A: Pays $2,000 per month forever, with market rates at 2% per month. B: Pays $2,000 per year forever, with
Suppose you have two perpetuities. A: Pays $2,000 per month forever, with market rates at 2% per month. B: Pays $2,000 per year forever, with market rates at 2% per year. Which perpetuity has the greatest present value? A B Both accounts have the same present value. Insufficient information to determine the
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