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Consider a one-year discount bond that pays $1,500 one year from now. If the rate of discount is 4 percent, the present value of the

Consider a one-year discount bond that pays $1,500 one year from now. If the rate of discount is 4 percent, the present value of the bond is

A. 1560

B. 1540

C. 1440

D. 1442.31

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