John has invested into a bond which pays him coupon payment for an infinite period of time.

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John has invested into a bond which pays him coupon payment for an infinite period of time. This bond pays John $100 every year. If we assume that the discount rate is 4%, how much John should pay for this bond?

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Management Science The Art of Modeling with Spreadsheets

ISBN: 978-1118582695

4th edition

Authors: Stephen G. Powell, Kenneth R. Baker

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Posted Date: Mar 06, 2024 11:56 AM

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John has invested into a bond which pays him coupon payment for an infinite period of time.

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Management Science The Art of Modeling with Spreadsheets

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