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Your friend is analyzing a perpetuity that is slightly different from those you've encountered before. Your friend's possible investment pays $3,100 annually but the payments

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Your friend is analyzing a perpetuity that is slightly different from those you've encountered before. Your friend's possible investment pays $3,100 annually but the payments being Immediately. The appropriate rate of return for the risk is 9% What is the market value of this contract (round to the nearest dollar)? Multiple Choice S30,000 $37,544 O $32 222 none of the above O $34,444 O

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