What is the price of a perpetuity that has a coupon of $45 per year...
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What is the price of a perpetuity that has a coupon of $45 per year and a yield to maturity of 3%? The price of the perpetuity is $ 1500. (Round to the nearest dollar.) If the yield to maturity triples, what will happen to the perpetuity's price? The new price is $ (Round to the nearest dollar.)
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