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Suppose a State of North Carolina bond will pay $ 1 , 0 0 0 ten years from now. If the going interest rate on

Suppose a State of North Carolina bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.8%, how much is the bond worth today?
Select the correct answer.
a. $569.04
b. $575.84
c. $562.24
d. $555.44
e. $548.64

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