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True or False? --A perpetuity making annual payments starts out by paying $400 today. The present value of this perpetuity is $17,360, and the annual

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True or False? --A perpetuity making annual payments starts out by paying $400 today. The present value of this perpetuity is $17,360, and the annual discount rate is 8.50%. If the annual payments grow at a constant rate, the second payment (received one year from now) is $424. True False Abstention

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