Question
Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 3.1%,
Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 3.1%, how much is the bond worth today?
a. $869.55
b. $736.91
c. $840.08
d. $817.97
e. $714.80
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Business Law With UCC Applications
Authors: Gordon Brown, Paul Sukys
13th Edition
0073524956, 978-0073524955
