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When he was born, Bob was given a $10,000 30-year-old bond by his uncle. Ben, Bob's brother wants to buy the bond for $6,000. Bob
When he was born, Bob was given a $10,000 30-year-old bond by his uncle. Ben, Bob's brother wants to buy the bond for $6,000. Bob is currently 25 years old. US treasuries are currently paying 6.5%. According to the present value of money should Bob accept Ben's offer? Write the solution for that.
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