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Calculate out the present value of the following bond contract: Coupon payments of $15,000 each year for the next 30 years $2,500,000 principal payment at
Calculate out the present value of the following bond contract: Coupon payments of $15,000 each year for the next 30 years $2,500,000 principal payment at the end of the 30th year The market rate of interest is 6% Round to the nearest dollar
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