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A Government of Canada bond will pay $500 at the end of every six months for the next 13 years, and an additional $5000 lump

A Government of Canada bond will pay $500 at the end of every six months for the next 13 years, and an additional $5000 lump payment at the end of the 13 years. What is the appropriate price to pay if you require a rate of return of 6.6% compounded semiannually?

Answer: Question 57

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