How much is your inheritance worth today

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Reference no: EM132031978

You just turned 22 today. You've just been told by Santa Claus that since you did so well in your Finance class, on your 30th birthday, you will inherit a bond with a face value of $150,000. The bond pays you annual coupon payments of $1000 until then. Assuming a 3% annual yield, how much is your inheritance worth today?

Reference no: EM132031978

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