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What should be the current price of a bond that pays $2 one year from now, where the payment will increase by 5% each

What should be the current price of a bond that pays $2 one year from now, where the payment will increase by 5% each year forever after the first payment? Assume that the discount rate is 12%. (Round to the nearest two digits) $27.14 None of the other answers are correct. $28.57 $20.94 $37.96

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