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11 of 16 You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $5.8 annually forever. The bond is
11 of 16 You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $5.8 annually forever. The bond is currently selling for 58. You plan to sell the bond 9 years from now. If similar investments yield 4% at that time, the bond's worth = $ 11 or 16 You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $5.8 annually forever. The bond is currently selling for 58. You plan to sell the bond 9 years from now. If similar investments yield 4% at that time, the bond's worth = $
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