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A bond pays $30 each quarter for 5 years (first payment within a quarter) and a final payment of $1000. If the interest rate is

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A bond pays $30 each quarter for 5 years (first payment within a quarter) and a final payment of $1000. If the interest rate is 10% compounded quarterly, what is its price today? 1,078 404 None of the above 1,023

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