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You wish to establish an endowed chair for a finance professor at CU. If the professor occupying the position will always be paid $250,000/yr, and

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You wish to establish an endowed chair for a finance professor at CU. If the professor occupying the position will always be paid $250,000/yr, and Cu can earn a 5% rate of return, how much do you need to donate? Multiple Choice $6,000,000 $5,000,000 $2,500,000 $10,000,000

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