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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 6.6%, how

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 6.6%, how much is the bond worth today?

a. $743.64

b. $461.78

c. $581.72

d. $599.71

e.$455.78

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