Calculate the present value of investment

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The United Kingdom has a consol bond that pays a $50 coupon every 6-months (semi-annually), forever. If the next payment is due in exactly 6 months from today and the discount rate is 8% APR (compounded semi-annually), then calculate the present value of this investment. (Enter a positive value and round to 2 decimals)

Reference no: EM132648553

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