BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You have purchased a Treasury bond that will pay $10, 000 to your newborn child in 15 years. If this bond is discounted at a rate of 3.875% per year, what is today’s price (present value) for this bond?
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$5, 654
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$5, 500
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$5, 644
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$10, 000
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Explanation:
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