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You have the opportunity to buy a perpetuity that pays $187,805 annually. Your required rate of return on this investment is 1.1 percent. You should
You have the opportunity to buy a perpetuity that pays $187,805 annually. Your required rate of return on this investment is 1.1 percent. You should be essentially indifferent to buying or not buying the investment if it were offered at a price of \begin{tabular}{l} $17,073,181.82 \\ $16,073,181.82 \\ \hline$18,073,181.82 \\ $19,073,181.82 \\ \hline$20,073,181.82 \end{tabular}
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