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an investor has just told you that the state educational contruction bond he purchased 8 yeTs ago just matured today and paid him $ 5

an investor has just told you that the state educational contruction bond he purchased $8$ yeTs ago just matured today and paid him $ $5000$ plus quarterly payment that was due. the bond face interest rate is $6 %$ per year payable quartly. however, he told you that he received a nominal interest rate of $8 %$ per yearcompiuned quartly, what did he pay for hond originally

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