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Calculate value of a perpetuity with even annual cash flows of $15,000 with 8% discount rate. Which of the following is true of bonds? Bonds

Calculate value of a perpetuity with even annual cash flows of $15,000 with 8% discount rate.

Which of the following is true of bonds?

Bonds are an equity instrument.
Bonds repay the principal to the investor in semi-annual payments only.
Bonds have default risk.
Bonds are only issued by governments and municipalities.
Bonds issue the total interest payment at their maturity.

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