Multiple Choice
You have a bond that entitles you to a one-time payment of $10,000 one year from now.The interest rate is 10 percent per year.How much is the bond worth today?
A) $9,090.91
B) $10,000.00
C) $8,264.46
D) $9,523.81
Correct Answer:
Verified
Correct Answer:
Verified
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