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You have purchased a British Consol that promises to pay you 5% of the bond's face value in perpetuity. If the perpetual bond has a

You have purchased a British Consol that promises to pay you 5% of the bond's face value in perpetuity. If the perpetual bond has a Face Value equal to $50,000 and the prevailing market interest rate is equal to 4%, then what is the current market value of this perpetual bond? (Using excel, SHOW Formulas)

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