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A new partner must buy into the partnership because the new partner is acquiring a piece of the existing partners' interest, for which the existing

A new partner must buy into the partnership because the new partner is acquiring a piece of the existing partners' interest, for which the existing partners will want compensation. Suppose that the ABCD partnership has four partners and a net worth of $1,000,000. E asks to join the partnership. How much should she pay the existing partners? Explain your answer.

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