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8. Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today? a. $585.43. b. $614.70. c. $645.44. d. $677.71. e. $711.59. 9. You want to buy a new sports car 3 years from now, and you plan to save $4,200 per year, beginning one year from today. ................
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