Question: Compute the present value for a bond that promises to pay interest of Rs 150 a year for thirty years and Rs 1,000 at

Compute the present value for a bond that promises to pay interest

Compute the present value for a bond that promises to pay interest of Rs 150 a year for thirty years and Rs 1,000 at maturity. This first interest payment is paid one year from now. Use a rate of discount of 8 per cent.

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