Suppose a U.S. government bond promises to pay $1,000 five years from now. If the interest rate
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Suppose a U.S. government bond promises to pay $1,000 five years from now. If the interest rate on 5-year government bonds is 5.5%, how much is the bond worth today?
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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