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Suppose an Exxon Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 6.00%, how much
Suppose an Exxon Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 6.00%, how much is the bond worth today?
| a. | $1,934.84 | |
| b. | $2,814.31 | |
| c. | $3,090.72 | |
| d. | $2,990.20 | |
| e. | $2,512.78 |
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Investing All In One For Dummies
Authors: Eric Tyson
2nd Edition
1119873037, 978-1119873037
