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Suppose a U.S. Treasury bond will pay $1,000 twenty years from now, with no interest payments in between. If the going interest rate on
Suppose a U.S. Treasury bond will pay $1,000 twenty years from now, with no interest payments in between. If the going interest rate on 20-year treasury bonds is 2.89%, how much is the bond worth today? Your answer should be between 440.00 and 720.00, rounded to 2 decimal places, with no special characters.
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The present value of a bond can be calculated using the formula PV ...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
