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The United Kingdom has a consol bond pays a $150 coupon every 6 months (semi-annually), forever. If the next payment is due precisely six months
The United Kingdom has a consol bond pays a $150 coupon every 6 months (semi-annually), forever. If the next payment is due precisely six months from today and the discount rate is 10.75% APR (compounded semi-annually), then calculate the present value of this investment
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