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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 6.2%, 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 6.2%, how much is the bond worth today? $704.54 $673.64 $741.63 $618.02 $537.68

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