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A bond promises to pay $26.00 in 2.5 years time. If the discount rate is j4 = 7.9560% p.a. then the Present Value of the

A bond promises to pay $26.00 in 2.5 years time. If the discount rate is j4 = 7.9560% p.a. then the Present Value of the bond is:

Question 2 options:

1)

$21.35

2)

$31.66

3)

$24.75

4)

$27.31

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