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The going rate of interest on a 5-year treasury bond is 4.25%. You have one that will pay $1,750 five years from now. How much

The going rate of interest on a 5-year treasury bond is 4.25%. You have one that will pay $1,750 five years from now. How much is the bond worth today?

Select the correct answer.

a. $1,452.01

b. $1,436.61

c. $1,444.31

d. $1,428.91

e. $1,421.21

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