What is the value of a perpetual stream

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Question - Given an interest rate of 6.5% per year, what is the value at date t = 11 of a perpetual stream of $2,900 payments that begin at date t=21?

A. $44,615.38

B. $22,317.16

C. $25,312.68

D. $23,767.78

E. $37,134.92

Reference no: EM133049207

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