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7. Suppose a State of California bond will pay $1,800 five years from now. If the going interest rate on these 5-year bonds is 6%,

7. Suppose a State of California bond will pay $1,800 five years from now. If the going interest rate on these 5-year bonds is 6%, how much is the bond worth today? * O a) $651.60 O b) $684.18 O c) $718.39 O d) $941.12 O e) None of the above

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