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suppose a coupon pays a person 1000 I. Suppose a coupon pays pays a person 1000 dollars each year starting immediately this year for n

suppose a coupon pays a person 1000
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I. Suppose a coupon pays pays a person 1000 dollars each year starting immediately this year for n periods (only). If the interest rate is 4 per cent (which is used as a discount rate), its present value is V - 1000++ 100T. Compute the present value of the coupon. Find the limit of the present value when n increases to oo (without bound). 1+0.04)

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