Question: Determine how much you would be willing to pay for a security that pays $ 6 0 annually indefinitely ( a perpetuity ) , assuming

Determine how much you would be willing to pay for a security that pays $60 annually indefinitely (a perpetuity), assuming you require an 8 percent return on this investment.
a.
R480
b.
R743
c.
R1,000
d.
R750

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