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38 of 52 (34 complete) HW Score: 46.58%, 24.22 of 52 pts Score: 0 of 1 pt Exercise 2.1 Question Help How much would you

38 of 52 (34 complete) HW Score: 46.58%, 24.22 of 52 pts Score: 0 of 1 pt Exercise 2.1 Question Help How much would you pay for a perpetual bond that pays an annual coupon of $50 per year and yields on competing instruments are 10%? You would pay $ (Round your response to the nearest penny.)

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