Question: Problem 4 4 Marks Your uncle has given you a bond that will pay $500 at the end of each year forever into the future.

Problem 4 4 Marks Your uncle has given you a bond that will pay $500 at the end of each year forever into the future. This payment will increase by 3% every year. If the rate of return on this bond is 8.25%, how much is it worth today

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