Q: An investment plan in perpetual bond is offering an expected return of Rs. 7500 at the end of every 3 months period. If Sheraz requires a nominal rate of return of 12% per year compounded...

Q:
An investment plan in perpetual bond is offering an expected return of Rs. 7500 at the end of every 3 months period. If Sheraz requires a nominal rate of return of 12% per year compounded quarterly, what minimum amount he will pay for that investment?