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You Want to Purchase a Security That Will Pay You

Question 103

Multiple Choice

You want to purchase a security that will pay you $1,000 nine years from now. If you want to earn an annual nominal rate of 3.35%, how much should you pay for this investment today?


A) $727.41
B) $731.46
C) $741.41
D) $743.37
E) $762.01

Correct Answer:

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