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5. You have a zero-coupon bond that will pay $1,000 when it matures in 5 years, but you need cash today. If the current interest

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5. You have a zero-coupon bond that will pay $1,000 when it matures in 5 years, but you need cash today. If the current interest rate is 4%, what is your bond worth if you sell it today (rounded to the nearest dollar)? A $755 B. $962 (C) $800 D $822

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