Question
Suppose a U.S. government bond will pay $1,000 three years from now.If the going interest rate on 3-year government bonds is 4%, how much is
Suppose a U.S. government bond will pay $1,000 three years from now.If the going interest rate on 3-year government bonds is 4%, how much is the bond worth today?
A.$907.91
B.$991.43
C.$889.00
D.$943.46
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
