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You just turned 22 today. You've just been told by Santa Claus that since you did so well in your Finance class, on your 30th birthday, you will inherit a bond with a face value of $150,000. The bond pays you annual coupon payments of $1000 until then. Assuming a 3% annual yield, how much is your inheritance worth today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92868630

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