Question: Q# 2 . You are considering adding a $ 1 , 0 0 0 , 3 0 - year bond to your portfolio. It has

Q#2. You are considering adding a $1,000,30-year bond to your portfolio. It has a coupon rate of 7%, which is paid annually, and your required return (Yield-To-Maturity, r) is 12%. What is the current price (PV) of the investment (bond)?

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