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Can you provide the steps and explanation for this question? Thanks 7. In early 2018 TD Ameritrade participated with The Goldman Sachs Group, Inc. to

Can you provide the steps and explanation for this question? Thanks

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7. In early 2018 TD Ameritrade participated with The Goldman Sachs Group, Inc. to sell a bond with the following characteristics: . Coupon: 2.50% to 03/29/2019; 3.50% to 03/29/2020; 4.00% to 03/29/2021. . Payment Frequency: Semi-Annually. . Maturity: 03/29/2021. Use your knowledge of annuity formation using perpetuities to derive a closed-form solution for the price of this bond on 03/29/2018

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