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A Government of Canada bond will pay $400 at the end of every six months for the next 14 years, and an additional $4000 lump
A Government of Canada bond will pay $400 at the end of every six months for the next 14 years, and an additional $4000 lump payment at the end of the 14 years. What is the appropriate price to pay if you require a rate of return of 6.4% compounded semiannually?
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