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Suppose an Exxon Corporation bond will pay $1,000 twenty years from now. If the going interest rate on safe 20-year bonds is 5.50%, how much

Suppose an Exxon Corporation bond will pay $1,000 twenty years from now. If the going interest rate on safe 20-year bonds is 5.50%, how much is the bond worth today?

a. $337.85

b. $361.58

c. $324.86

d. $342.73

e. $322.58

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