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19. Your uncle has given you a bond that will pay $500 at the end of each year forever into the future. If the market

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19. Your uncle has given you a bond that will pay $500 at the end of each year forever into the future. If the market yield on this bond is 8.25 percent, how much is it worth today? 20. How much should you pay for an investment that pays $1,500 per year for the next three years and then $2,000 per year for the following two years? Assume a discount rate of 15% per year

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