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A $20,000 Face Value Bond Matures in 90 Days and Has

Question 79

Multiple Choice

A $20,000 face value bond matures in 90 days and has a bank discount yield of 4.28%. What is the current value of the bond?

A) $19,392.19
B) $19,473.14
C) $19,486.47
D) $19,571.11
E) $19,786.00

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