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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?

  1. 743.64

  2. $461.78

  3. $599.71

  4. $581.72

  5. $455.78

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Mathematical Interest Theory

Mathematical Interest Theory

Authors: Leslie Jane, James Daniel, Federer Vaaler

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147046568X, 978-1470465681

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