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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 4.5%,

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 4.5%, how much is the bond worth today?

Group of answer choices

$711.59

$585.43

$643.93

$614.70

$675.56

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