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you have purchased a treasury bond that will pay 10,000 to your newborn child in 15 years. if this bond is discounted at a rate

you have purchased a treasury bond that will pay 10,000 to your newborn child in 15 years. if this bond is discounted at a rate of 3.875% per year, what is today's price (present value) for this bond?

a. 8,417

b. 8,500

c. 5,654

d. 10,000

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