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What is the value of a 10-year bond that pays 7% annual interest when the market rate of interest is 4%? (rounded to the nearest
What is the value of a 10-year bond that pays 7% annual interest when the market rate of interest is 4%? (rounded to the nearest dollar)
a) $1,045 b) $1,243 c) $1,286 d) $1,356 e) $1,389
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
