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A. What is the present value of a perpetuity that pays $120 every year? Assume the interest rate of 14.26% compounded annually. Please round your
A.
What is the present value of a perpetuity that pays $120 every year? Assume the interest rate of 14.26% compounded annually.
Please round your answer to the second decimal without a dollar sign. (e.g. 1000.00)
B.
A $1,000 coupon bond has a coupon rate of 8.31% and a yield to maturity rate of 2.32% and the coupon bond pays interest payment once a year.
What is the annual coupon payment?
Please round your answer to the second decimal without the dollar sign. (e.g. 123.45
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