What annual rate of return is implied in the given value

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Qusetion: You are offered an investment that will pay you a perpetuity of $1,000 per year forever. Its price is $39,600. What annual rate of return (discount rate) is implied in this value? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132020013

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