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Western regional bank is selling a perpetuity that pays equal payments of $X every semiannual period with the first payment in one semiannual period from
Western regional bank is selling a perpetuity that pays equal payments of $X every semiannual period with the first payment in one semiannual period from today. They will accept payment for the perpetuity in 3 incremental payments: 2,339 in 2 years, 5,370 in 9 years and 4,277 in 12 years. How much will the perpetuity pay each semiannual period (what is X)? Assume the interest rate is 12.02% compounded semiannually. Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "\$" "', or any other formatting. Carry interim computations to at least 4 decimals. Enter numerical answers as a positive or negative number rounded to 2 decimal places (\#\#\#.\#\#)
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