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Question 5 (7 points) Compute the price of a $ 2,526 par value, 14 percent coupon consol, or perpetual bond (i.e., coupon interest payment is

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Question 5 (7 points) Compute the price of a $ 2,526 par value, 14 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 10 percent. (Round your answer to 2 decimal places and record without dollar sign or commas). Your

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