Question: The going rate of interest on a 5-year treasury bond is 4.25%. You have one that will pay $7,575 five years from now. How much

The going rate of interest on a 5-year treasury bond is 4.25%. You have one that will pay $7,575 five years from now. How much is the bond worth today?

Select the correct answer.

a. $6,135.80

b. $6,151.80

c. $6,127.80

d. $6,159.80

e. $6,143.80

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