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Your financial planner offers you two different investment plans. Plan X is $2,400 quarterly payments in perpetuity. Plan Y is a 10-year annuity with quarterly

Your financial planner offers you two different investment plans. Plan X is $2,400 quarterly payments in perpetuity. Plan Y is a 10-year annuity with quarterly payments of $3,800. Both plans will make their first payment one quarter from today. At what discount rate would you be indifferent between these two plans?

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