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! The present value of a perpetuity paying 100 every two years with first payment due immediately is 700 at an annual effective rate of
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The present value of a perpetuity paying 100 every two years with first payment due immediately is 700 at an annual effective rate of i. Another perpetuity paying Revery three years with the first payment due at the beginning of year two has the same present value at an annual effective rate of i +0.01. Calculate R Step by Step Solution
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