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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

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