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MMLU-Pro / 771 / A state issues a 15 year 1000bondthatpays25 every six months. If the…

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question

A state issues a 15 year 1000bondthatpays1000 bond that pays 25 every six months. If the current market interest rate is 4%, what is the fair market value of the bond?
Plain-text mathematical notation (without MathML)
A state issues a 15 year 1000bondthatpays25 every six months. If the current market interest rate is 4%, what is the fair market value of the bond?
Original LaTeX notation
A state issues a 15 year $1000 bond that pays $25 every six months. If the current market interest rate is 4%, what is the fair market value of the bond?

category

business

options

  1. 975.00
  2. 1250.00
  3. 1150.00
  4. 1050.00
  5. 1085.65
  6. 1000.00
  7. 1111.97
  8. 950.00
  9. 1200.00
  10. 900.00

src

theoremQA-Finance

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