You have just won a 50000 bond that pays no interest and


You have just won a $50,000 bond that pays no interest and matures in 20 years. If the discount rate is 10%, what is the present value of your bond?

a. $8,175

b. $7,450

c. $1,490

d. $8,900

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Financial Accounting: You have just won a 50000 bond that pays no interest and
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