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Consider a 30-year bond that pays $50 at the end of Years 1-29 and $1,050 at the end of Year 30. If the appropriate discount

Consider a 30-year bond that pays $50 at the end of Years 1-29 and $1,050 at the end of Year 30. If the appropriate discount rate is 5 percent per year, what is a fair price for this bond?

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