Find out the goverment bond


Problem:

Suppose a U.S. government bond promises to pay $2,249.73 three years from now.

Required:

Question: If the going interest rate on a 3- year goverment bond is 6%, how much is the bond worth today?

Note: Please show how to work it out.

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Finance Basics: Find out the goverment bond
Reference No:- TGS0881044

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