[Solved] Suppose a State of New York bond will pay

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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 4.7%,

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 4.7%, how much is the bond worth today? a. $661.42 b. $628.41 c. $603.37 d. $617.92 e. $631.73

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