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QUESTION
A perpetuity will pay $4000 every three months beginning three months from today. If the interest rate is 12% EAR, which of the following is closest
A perpetuity will pay $4000 every three months beginning three months from today. If the interest rate is 12% EAR, which of the following is closest to the PV of this perpetuity?
a) $139,192
b) $33,000
c) $100,000
d) $105,000
