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Suppose an Exxon Corporation Bond Will Pay $4,500 Ten Years

Question 81
Multiple Choice

Suppose an Exxon Corporation bond will pay $4,500 ten years from now.If the going interest rate on safe 10-year bonds is 5.60%,how much is the bond worth today? A) $3,001.04 B) $2,609.60 C) $2,139.87 D) $2,218.16 E) $2,948.84

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