Question

What is the current value of a Series I bond with a face value of $1,000.00, issued in June 2001?

A) It has matured, so its current value is $1,000.00.
B) It has increased beyond the face value.
C) It has decreased below the face value.
D) The current value cannot be determined without additional information

Answer 1

The current value of a Series I bond with a face value of $1,000.00, issued in June 2001, cannot be determined without additional information.

Step-by-step explanation:

The current value of a Series I bond with a face value of $1,000.00, issued in June 2001, cannot be determined without additional information. Series I bonds earn interest based on a fixed rate and an inflation rate. The fixed rate for bonds issued from May 1998 through November 2000 is 3.40%. Without knowing the specific fixed rate and inflation rate for the bond in question, it is not possible to determine its current value.