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you want to buy a perpetual bond that will pay 11,500 annually starting in the SECOND YEAR and continue paying every year forever. If

you want to buy a perpetual bond that will pay 11,500 annually starting in the SECOND YEAR and continue

you want to buy a perpetual bond that will pay 11,500 annually starting in the SECOND YEAR and continue paying every year forever. If the interest rate is 7% how much are willing to pay for this perpetual bond?

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