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The United Kingdomhas a consolbond that pays a $50 coupon every 6-months(semi-annually),forever.If the next payment is due in exactly 6 months from today and the

The United Kingdomhas a consolbond that pays a $50 coupon every 6-months(semi-annually),forever.If the next payment is due in exactly 6 months from today and the discount rate is 8% APR (compounded semi-annually), then calculate the present value of this investment.(Enter a positive value and round to 2 decimals)

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