Solve the present value of the investment

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Problem 1: The United Kingdom has a consol bond that pays a $150 coupon every 6-months (semi-annually), forever. If the next payment is due in exactly 6 months from today and the discount rate is 3% APR (compounded semi-annually), then calculate the present value of this investment. (Enter a positive value and round to 2 decimals)

Reference no: EM132919673

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