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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 5.60%, 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 5.60%, how much is the bond worth today?

a. $2,609.60
b. $2,218.16
c. $2,139.87
d. $2,948.84
e. $3,001.04

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