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two parts to question P6-43 (similar to) Question Help (Present value of a perpetuity)...

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P6-43 (similar to) Question Help (Present value of a perpetuity) At a discount rate of 11.00%, find the present value of a perpetual payment of $1,500 per year. If the discount rate were lowered to 5.50%, half the initial rate, what would be the value of the perpetuity? a. If the discount rate were 11.00%, the present value of the perpetuity is $ (Round to the nearest cent.)

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