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5) A company issued $ 300,000 bonds maturing at par within 40 quarters with 15% annual interest payable each quarter. How much should be paid

5) A company issued $ 300,000 bonds maturing at par within 40 quarters with 15% annual interest payable each quarter. How much should be paid for each bond today, if yields of 35% per annum are intended, compounded by quarters?

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