codylowery7933 codylowery7933
  • 25-01-2024
  • Business
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You have just won a $50,000 bond that pays no interest and matures in 20 years. If the discount rate is 10%, what is the present value of your bond?

a. $7,450
b. $8,175
c. $8,900
d. $1,490

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