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The City of State College plans to issue bonds with a par valueof $2,000 that will issue 6% quarterly payments for 5 years. If a

The City of State College plans to issue bonds with a par valueof $2,000 that will issue 6% quarterly payments for 5 years. If a purchaser wants earn 4% per quarter over the lifetime of the bond, how much would the purchaser be willing to pay for the bond?

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