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Sawdust and Smiles is the name of a new circus cooperative. They are raising funds by selling bonds. Their 10 year 6% bonds with a
Sawdust and Smiles is the name of a new circus cooperative. They are raising funds by selling bonds. Their 10 year 6% bonds with a face value of $40,000 have coupons payable quarterly. The yield is 8% compounded quarterly. How much will they get from the sale of a bond? Two decimal places.
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