Multiple Choice
The going rate of interest on a 5-year treasury bond is 4.25%.You have one that will pay $2,500 five years from now.How much is the bond worth today?
A) $1,928.78
B) $2,030.30
C) $2,131.81
D) $2,238.40
E) $2,350.32
Correct Answer:
Verified
Correct Answer:
Verified
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