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12 x fx A B Your firm has a cash outflow of $30 million due in 15 years and wishes to immunize the payment. To

12 x fx A B Your firm has a cash outflow of $30 million due in 15 years and wishes to immunize the payment. To do so, the firm purchases a 20 year, 2% annual coupon, 2% YTM bond. What is the total face value of the bonds purchased

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