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You are considering purchasing a bond. The bond will pay you $100 at the end of each year for 30 years. At the end of
You are considering purchasing a bond. The bond will pay you $100 at the end of each year for 30 years. At the end of the 30th year, the bond will also pay you back its $1,000 face value. Assuming a 10% discount rate, how much is this bond worth today? Round to the nearest dollar.
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