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10. Time Value of Money
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10. Time Value of Money
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10. Time Value of Money / Using Time Value of Money Tables / Problem 11
Problem 11
A bond pays \$150 in interest semiannually for 4 years. If the annual interest rate is 8%, what is the present value of the interest payments?
A
\$1,050
B
\$1,080
C
\$1,200
D
\$1,150
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