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The Bond Market You received a $100 savings bond for your birthday. The bond pays $100 at maturity, which is in 4 years. If the

The Bond Market You received a $100 savings bond for your birthday. The bond pays $100 at maturity, which is in 4 years. If the interest rate is 5%, what is the present value of the bond? (Round to the nearest hundredth when appropriate.) Select one: A. $16.67 B. $4.17 C. $100 D. $82.27

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