Question
The going rate of interest on a 5-year treasury bond is 4.25%. You have one that will pay $7,575 five years from now. How much
The going rate of interest on a 5-year treasury bond is 4.25%. You have one that will pay $7,575 five years from now. How much is the bond worth today?
Select the correct answer.
a. $6,135.80
b. $6,151.80
c. $6,127.80
d. $6,159.80
e. $6,143.80
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
