Suppose a State of New York bond will pay $1,000 ten years from now. If the going

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Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 4.1%, how much is the bond worth today?
a. $669.10
b. $675.79
c. $628.96
d. $749.39
e. $649.03

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Question Posted: Jan 09, 2013 02:40 AM

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Suppose a State of New York bond will pay $1,000 ten years from now. If the going

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