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Suppose a bond will pay $1,050 five years from now, and $50 at the end of each year for next five years. If the going
Suppose a bond will pay $1,050 five years from now, and $50 at the end of each year for next five years. If the going interest rate on 5-year treasury bonds is 4.25%, how much is the bond worth today?
a. | $865.31 | |
b. | $951.40 | |
c. | 1073.76 | |
d. | $825.25 | |
e. | $673.65 |
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