Question: suppose a bond will pay $1000 ten years from now. if the going interest rate on these 10 year bonds is 5.5%. how much is

suppose a bond will pay $1000 ten years from now. if the going interest rate on these 10 year bonds is 5.5%. how much is the bond worth today?

a. $645.44

b. $677.71

c. $585.43

d. $614.70

e. $711.59

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