Multiple Choice
Suppose an ExxonMobil Corporation bond will pay $4,500 ten years from now.If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond worth today?
A) $2,819.52
B) $2,967.92
C) $3,116.31
D) $3,272.13
E) $3,435.74
Correct Answer:
Verified
Correct Answer:
Verified
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