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Attempts Score: 15 2. Chapter b Multiple Choice 05-077, Section b Multiple Choice 05-077, Problem b Multiple Choice 05-077 Suppose a State of California bond

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Attempts Score: 15 2. Chapter b Multiple Choice 05-077, Section b Multiple Choice 05-077, Problem b Multiple Choice 05-077 Suppose a State of California bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 6.2%, how much is the bond worth today? a. $618.02 b. $704.54 c. $741.63 d. $673.64 e. $537.68 Save & Continue

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