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Suppose an Exxon Corporation bond will pay $4,900 ten years from now. If the going interest rate on safe 10-year bonds is 7.00%, how much

Suppose an Exxon Corporation bond will pay $4,900 ten years from now. If the going interest rate on safe 10-year bonds is 7.00%, how much is the bond worth today?

Select one:

a. $2,490.91

b. $2,287.57

c. $1,921.56

d. $2,562.08

e. $2,630.71

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