rachelcondon4458 rachelcondon4458

01-07-2024
Business

Answered

Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, how much is the bond worth today?

a. $684.18
b. $754.31
c. $651.60
d. $792.02
e. $718.39

Answer :

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