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What is the value of an investment that promises to pay $480 annually in perpetuity if the appropriate required rate of return is 16.3 ?

What is the value of an investment that promises to pay $480 annually in perpetuity if the appropriate required rate of return is 16.3 ?

a)$2944.79

b)$29.45

c)$412.73

d)$558.24

e) None of the above

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