When i is the annual interest rate,the formula for calculating the present value of a bond with a face value of R dollars,receivable in one year is
A) PV = (1 + i) /R.
B) PV = i(R + i) .
C) PV = R (1 + i) .
D) PV = R/i.
E) PV = R/(1 + i) .
Correct Answer:
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