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Paddy's Pub Inc., issued a 25-year, pure discount bond that pays $50 at maturity. What is the bond's price if the current yield to maturity
Paddy's Pub Inc., issued a 25-year, pure discount bond that pays $50 at maturity. What is the bond's price if the current yield to maturity is 8%? (Do not include dollar signs or commas in your answers)
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