Consider a fixed-payment security that pays $250 at the end of every year for eight years.If the annual rate of discount is 3 percent, calculate the present value of the bond.

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The Answer of Consider a fixed-payment security that pays $250 at the end of every year for eight years.If the annual rate of discount is 3 percent, calculate the present value of the bond.

Consider a Fixed-Payment Security That Pays $250 at the End