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Assuming that the bond makes semi - annual coupon payments, compute the value of the bond if C = $ 2 0 , r =

Assuming that the bond makes semi

-

annual coupon payments, compute the value of the bond if C

=

20,

= 8 %,

and T is infinity? Keep two decimal places, e

.

.,

10.12 .

Show your work and highlight your final answer.

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