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Today you are receiving your first non taxable payment of 5 from your investment in a US government bond The bond contract will continue to provide you with 5 dollars every six months for the rest

Today you are receiving your first non‐taxable payment of $5 from your investment in a US government
bond. The bond contract will continue to provide you with $5 dollars every six months for the rest of time.
What is the current value of this bond? For discounting purposes, assume an annual percentage rate (APR)
of 10%.  
a) $50
b) $55
c) $95
d) $100
e) $105

Apr 15 2021 View more View Less

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