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13. Suppose a State of California bond will pay $1000 eight years from now. If the going IR on these types of 3 year bonds

13. Suppose a State of California bond will pay $1000 eight years from now. If the going IR on these types of 3 year bonds is 5.5%, how much is the bond worth today? a. $651.60 in. $634.13 c. $718.39

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