Question
Suppose a State of New York bond will pay $1,215.50 ten years from now. If the going interest rate on these 10-year bonds is 5.5%,
Suppose a State of New York bond will pay $1,215.50 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?
| $585.43 | ||
| $614.70 | ||
| $645.44 | ||
| $677.71 | ||
| $711.59 |
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
