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Suppose a State of New York bond will pay $1000 ten years from now If the going interest rate on these 10 year bonds is 41% how much is the bond worth today

Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 4.1%, how much is the bond worth today? a. $669.10 b. $675.79 c. $628.96 d. $749.39 e. $649.03
 

May 02 2020 View more View Less

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