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Mathematics, 07.05.2020 02:02 reycaden

Tristan Sandino wants to sell a 4.85%, $1,000 bond that pays annual dividends. The bond matures in 7 years. Prevailing rates on similar bonds is 5.5%. What is Tristan's bond worth today?
Group of answer choices

$472.57

$1,000.00

$687.44

$963.06

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Answers: 1

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Tristan Sandino wants to sell a 4.85%, $1,000 bond that pays annual dividends. The bond matures in 7...
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