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Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going interest rate on these 8year bonds is 5.5%,

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Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going interest rate on these 8year bonds is 5.5%, how much is the bond worth today? $651.60 $684.18 $718.39 $754.31 $792.02

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