An investor who requires a 10 rate of return on an

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An investment is expected to return $ 1,200 per year indefinitely. An investor who requires a 10% rate of return on an investment of this type, is willing to pay_________today for this investment?

a. $ 120
b. $ 1,200
c. $12,000
d. $14,000

Reference no: EM13485075

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