The present value of a perpetuity paying 11 at the end of every 4 years is 0.82. Find the annual effective rate of interest i.   A. 5.51% B. 22.06% C. 33.09% D. 31.51% E. 8.82%

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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The present value of a perpetuity paying 11 at the end of every 4 years is 0.82. Find the annual effective rate of interest i.

 

A. 5.51%

B. 22.06%

C. 33.09%

D. 31.51%

E. 8.82%

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