MANAGEMENT

BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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?
A
$5, 654
B
$5, 500
C
$5, 644
D
$10, 000
Explanation: 
There is 1 question to complete.