Question: 24. A perpetuity will pay $1000 every six months beginning six months from today. If the interest rate is 8% EAR, which of the following

24. A perpetuity will pay $1000 every six months beginning six months from today. If the interest rate is 8% EAR, which of the following is closest to the present value (PV) of this perpetuity? A) $12,500 B) $25,000 C) $24,528 D) $25,490

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