Question: We consider following yield curve: Maturity 1 2 3 4 5 ... 10 ... 50 Yields (%) 12 11,5 11 10,5 10 ... 9,5 ...

We consider following yield curve:

Maturity	1	2	3	4	5	...	10	...	50
Yields (%)	12	11,5	11	10,5	10	...	9,5	...	9

We are planning to participate in investments which will be in 3 years from now. This investment will bring you every year 1 mil. USD over 47 years. What is the maximum price will be willing to accept?

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