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Suppose a State of California bond will pay $1,000 six years from now. If the going interest rate on these 6-year bonds is 6.9%, how
Suppose a State of California bond will pay $1,000 six years from now. If the going interest rate on these 6-year bonds is 6.9%, how much is the bond worth today? a. $626.84 b. $651.18 c. $716.33 d. $665.63 e. $670.0
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