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You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $100 annually forever. You plan to sell the bond

You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $100 annually forever. You plan to sell the bond five years from now. If similar investments yield 8% at that time, how much will the bond be worth? $918.79 $1,489.42 $1,250.00 $1,014.28 11 AM 2010 Mikol Er S 4 7 5 U 0

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