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You buy a perpetuity bond. It gives 0.2 million ISK in payments, but the first payment is after 3 years and then always annually. That

You buy a perpetuity bond. It gives 0.2 million ISK in payments, but the first payment is after 3 years and then always annually. That is the first payment is after 3 years, the next after 4 years, etc. to eternity. The yield you buy the bond at is 8%. How much do you pay for the bond

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