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You have a small business that nets you $600 per month. A competitor has just...

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You have a small business that nets you $600 per month. A competitor has just offered to buy you out for $120,000 right now. What APR would be required for you to be indifferent to keeping or selling the business? Use a perpetuity to value your business and as always with rates, answer in percent and basis points. 1

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