Suppose an Exxon Corporation bond will pay $4,500 ten years from now.If the going interest rate on safe 10-year bonds is 5.70%,how much is the bond worth today?
A) $2,016.31
B) $2,585.01
C) $2,791.81
D) $2,533.31
E) $2,559.16
Correct Answer:
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