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Suppose that someone owns a 30-year $23000 T-bond with a rate of 4%. After 9 years the bond is sold for cash, but interest rates

Suppose that someone owns a 30-year $23000 T-bond with a rate of 4%. After 9 years the bond is sold for cash, but interest rates have fallen to 2.5%. 


(a) How much has the bond paid in total for the first 9 years?


(b) How much will the bond pay the person buying it over the next 21 years? 


(c) How much is the bond currently worth? 


(a) Over the first 9 years, the bond has paid$ nothing. (Simplify your answer.) 


(b) Over the next 21 years, the bond will pay the buyer $ nothing. (Simplify your answer.)


(c) The bond is currently worth $ nothing. (Simplify your answer. Round to two decimal places as needed.)

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