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16. You have decided to buy a perpetual bond. The bond makes one payment at the end of every year forever and has an interest

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16. You have decided to buy a perpetual bond. The bond makes one payment at the end of every year forever and has an interest rate of 8%. If the bond initially costs $2,000, what is the payment every year? The payment at the end of each year is $ (Round to the nearest dollar.)

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