Suppose a U.S.treasury bond will pay $4,475 five years from now.If the going interest rate on 5-year treasury bonds is 4.25%,how much is the bond worth today?
A) $3,634.23
B) $3,488.86
C) $3,452.52
D) $3,561.55
E) $4,361.08
Correct Answer:
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