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You consider whether to buy a bond that would pay $20,000 in 4 years. If the interest rate is 6 percent, you will buy the

You consider whether to buy a bond that would pay

$20,000

in 4 years. If the interest rate is 6 percent, you will buy the bond only if its price today is no greater than\ a.

$17,672.58

\ b.

$16,998.98

\ C.

$15,841.87

\ d.

$17,920.94

You consider whether to buy a bond that would pay $20,000 in 4 years. If the interest rate is 6 percent, you will buy the bond only if its price today is no greater than a. $17,672.58 D. $16,998.98 C. $15,84187 d. $17,920.94

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