Multiple Choice
What is the present value of a $ 25,000 bond, 5 year with a contractual rate of 5% and a market rate of 6% with semi-annual interest payments?
A) $ 23,946.91
B) $ 23,933.72
C) $ 25,000.00
D) $ 24,375.00
Correct Answer:

Verified
Correct Answer:
Verified
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