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Suppose a State of New York bond will pay $1,000 twenty years from now. If the going interest rate on these 20-year bonds is 3.0%,

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Suppose a State of New York bond will pay \$1,000 twenty years from now. If the going interest rate on these 20-year bonds is 3.0%, how much is the bond worth today? a. $543.79 b. $553.68 c. $537.55 d. $570.29 e. $551.26

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