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You have purchased a zero coupon bond that will pay 17923 to your newborn child in 27 years. If this bond is discounted at a
You have purchased a zero coupon bond that will pay 17923 to your newborn child in 27 years. If this bond is discounted at a rate of 2.802% per year, what is today's price (present value) for this bond? Type your answer to 2 decimal places. Use the relevant formula instead of CVIF, PVIF, CVIFA or PVIFA
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