Question: Consider a fixed-payment security that pays $100 at the end of every year for ten years. If the rate of discount is 7 percent, the

Consider a fixed-payment security that pays $100 at the end of every year for ten years. If the rate of discount is 7 percent, the present value of the bond is

		$142.15.
		$700.00.
		$702.36.
		$1,428.57.

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