You have an opportunity to buy a perpetuity that pays $400 a year forever starting a year from now for $1,500. What interest rate makes this a fair price?

Round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011, neither 0.0106465, 0.0106, no 1.065.

You have an opportunity to buy a perpetuity that pays $400 a year forever starting a year from now for $1,500, What interest rate makes this a fair price? Instruction: Round to three decimal places. E g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011 , neither 0.0106465,0.0106, 1.065. Otherwise, Blackboard will treat it as a wrong answer. You have an opportunity to buy a perpetuity that pays $400 a year forever starting a year from now for $1,500, What interest rate makes this a fair price? Instruction: Round to three decimal places. E g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011 , neither 0.0106465,0.0106, 1.065. Otherwise, Blackboard will treat it as a wrong