Question: I get the basic calculation to the following question and the answer is 10%. But, I have to elaborate and I don't know what direction

I get the basic calculation to the following question and the answer is 10%. But, I have to elaborate and I don't know what direction to go in

What is the prevailing interest rate if a perpetual bond were to pay $100,000 per year beginning next year and costs $1,000,000 today?

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