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You dream of endowing a chai in finance at the local university that will provide a salary of $250,000 per yeat forever, with the first

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You dream of endowing a chai in finance at the local university that will provide a salary of $250,000 per yeat forever, with the first cash flow to be one year from today. If the university promises to invest the money at a rate of spetyrat, how much money to give the university today to make your dream a reality? $3,000,000 $6,250,000 This question cannot be answered. $8,857.143

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