You Have a Bond That Entitles You to a One-Time

question 127

Multiple Choice

You have a bond that entitles you to a one-time payment of $10,000 one year from now.The interest rate is 10 percent per year.How much is the bond worth today?

• A)$9,090.91
• B)$10,000.00
• C)$8,264.46
• D)$9,523.81

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Definitions:

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