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A $40.000 municipal bond has dividend payable at 20% per year compounded quarterly The bond will mature in 10 years. If the market interest rate

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A $40.000 municipal bond has dividend payable at 20% per year compounded quarterly The bond will mature in 10 years. If the market interest rate is 12% per year compounded quarterly, the present worth of the bond is closest to O A. $58,494 OB. $49,247 O C. $26,271 OD. $33,136

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