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Mark has a portfolio of bonds worth $ 3 0 , 0 0 0 . They are all 6 % bonds with a maturity in

Mark has a portfolio of bonds worth $

30, 000 .

They are all

6 %

bonds with a maturity in

15

years.

New bonds are currently selling at a rate of

8 % .

How much money can Mark expect to receive on the sale of his bonds?

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