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You have just won a $50,000 bond that pays no interest and matures in 20 years. If the discount rate is 10%, what is the
You have just won a $50,000 bond that pays no interest and matures in 20 years. If the discount rate is 10%, what is the present value of your bond?
| a. | $8,175 | |
| b. | $7,450 | |
| c. | $1,490 | |
| d. | $8,900 |
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