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Imagine that the government decided to fund its current deficit of $ 4 3 1 $ 4 3 1 billion dollars by issuing a perpetuity

Imagine that the government decided to fund its current deficit of
$
431
$431 billion dollars by issuing a perpetuity offering a
4
%
4% annual return. How much would the government have to pay bondholders each year in perpetuity?

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