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Write out all steps. No excel. 1. Perpetuity A pays 488.09 at the end of every 6 months, with the first payment made six months

Write out all steps. No excel.
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1. Perpetuity A pays 488.09 at the end of every 6 months, with the first payment made six months from today. Perpetuity B pays X at the end of every 2 years, with the first payment made two years from today. At an annual effective interest rate of 10%, the two perpetuities have the same present value as of today. Determine X

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