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Sweden Inc. offers a perpetuity that pays annual payments of $7,200. This contract sells for $90,000 today. What is the interest rate? @ 9.0 percent

Sweden Inc. offers a perpetuity that pays annual payments of $7,200. This contract sells for $90,000 today. What is the interest rate? @ 9.0 percent O 6.0 percent 7.0 percent 8.0 percent

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