How much is the bond worth today

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Problem - Suppose a risk-free bond promises to pay $2,249.73 in 3 years. If the going risk-free interest rate is 4%, how much is the bond worth today? How much is the bond worth if it matures in 5 rather than 3 years? If the risk-free interest rate is 6% rather than 4%, how much is the 5-year bond worth today?

Reference no: EM132726596

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