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You are considering investing in a bond with a maturity value of $50,000 that pays $2,500 every year and matures in 12 years. If the

You are considering investing in a bond with a maturity value of $50,000 that pays $2,500 every year and matures in 12 years. If the current yield for equivalent bonds is 7%, what is a fair price to pay for the bond?

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