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Suppose a state of california bond will pay 1000 eight

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Suppose a State of California bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 7.3%, how much is the bond worth today?

a. $529.28
b. $500.82
c. $631.72
d. $569.12
e. $478.06

Reference no: EM13569370

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