Would your answer a. b. In 1867, Secretary of State Willian H. Seward purchased Alaska from Russia for the sum of $7,200,000, or about two cents per acre. At the time, the deal was dubbed Seward's Folly, but from our vantage point today, did Seward get a bargain after all? What would it 6ost today if the land were in exactly the same condition as it was 148 years ago and the prevailing interest rate over this time were 4%? m