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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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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