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A government bond is offered that pays 3% annually to the holder indefinitely. If the income received is invested at 4.9% interest (compounded continuously), what

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A government bond is offered that pays 3% annually to the holder indefinitely. If the income received is invested at 4.9% interest (compounded continuously), what is the present value of a $10,000 bond? (Round your answer to two decimal places.)

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