Multiple Choice
Suppose a State of New York bond will pay $1,000 ten years from now.If the going interest rate on these 10-year bonds is 5.0%,how much is the bond worth today?
A) $613.91
B) $564.80
C) $736.70
D) $466.57
E) $724.42
Correct Answer:
Verified
Correct Answer:
Verified
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