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How much would you pay for a perpetual bond that pays an annual coupon of $200 per year and yields on competing instruments are 20%?

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How much would you pay for a perpetual bond that pays an annual coupon of $200 per year and yields on competing instruments are 20%? Price offered = $ (Round your response to the nearest penny.) If competing yields are expected to be 10%, what is the current yield on this same bond assuming that you paid $1,000? Current Yield =% (Round your response to the nearest integer.) If you sell this bond in exactly one year, having paid $1,000, and receive exactly one coupon payment, what is your rate of return if competing yields are 10%? Return=% (Round your response to two decimal places.)

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