Multiple Choice
Suppose an Exxon Corporation bond will pay $4,500 ten years from now.If the going interest rate on safe 10-year bonds is 7.00%,how much is the bond worth today?
A) $1,807.18
B) $2,287.57
C) $2,630.71
D) $1,921.56
E) $2,562.08
Correct Answer:
Verified
Correct Answer:
Verified
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