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Posted on Sep 20, 2024

Tristan Sandino wants to sell a 4 . 8 5 % , $ 1 , 0 0 0 bond that pays annual dividends. The bond

Tristan Sandino wants to sell a

4.85 %,

1, 000

bond that pays annual dividends. The bond matures in

7

years. Prevailing rates on similar bonds is

6.5 % .

What is Tristan's bond worth today?

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