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You are considering the purchase of a perpetual bond that pays you $ 2 0 0 per year for the foreseeable future. If you require

You are considering the purchase of a perpetual bond that pays you $200 per year for the foreseeable future. If you require a 6.53% rate of return on this bond investment, what is a fair price for the bond that you would be willing to pay today?
To nearest $0.01
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