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As the qwner of a savings bond, you are entited to receive a payment from the bonds issuer equal to the face value of the

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As the qwner of a savings bond, you are entited to receive a payment from the bonds issuer equal to the face value of the bond upon nakirity. You are considering purchasing a savings bond that will pay the face value of $1.000 in 8 years, the bonds maturity. If the current interest rats is 1.5%, what should you be willing to poy today for the bond? Part A The amount that you should pay today for the bont is (Round to the nearest cent.) Part B Please complete the following statement: "Dise to the effect of the Time Value of Money and assuming a positive interest rate, the price af this savings bond prier to is makirity A. will always equal its face value. B. will ahways be grealer than is foce value. c. will always be less than its face value. D. can be greater than or less than its face value

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