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What is the present value of the following? a. A $300 perpetuity discounted back to the present at 8 percent. b. A $1,000 perpetuity discounted

What is the present value of the following?

a. A $300 perpetuity discounted back to the present at 8 percent.

b. A $1,000 perpetuity discounted back to the present 12 percent.

c. A $100 perpetuity discounted back to the present at 5 percent.

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