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The Macaulay Duration of a perpetuity-due with level annual payments is 25. Determine the annual effective interest rate for the perpetuity (a) 4.00% (b) 4.17%

The Macaulay Duration of a perpetuity-due with level annual payments is 25. Determine the annual effective interest rate for the perpetuity (a) 4.00% (b) 4.17% (c) 4.25% (d) 4.67% (e) 5.00%

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