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A $25,000 bond will pay you $1,000 interest at the end of every year until the face value of the bond ($25,000) is repaid at

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A $25,000 bond will pay you $1,000 interest at the end of every year until the face value of the bond ($25,000) is repaid at maturity. What is the fair market value of bond today if it matures in 8.5 years and the market rate of return is 4.25% compounded annually? $24,859.78 $32,011.14 $24,561.80 $32,309.12

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