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Toronto has issued 15-year bonds to pay for new snowplows, par value of $47 each. You bought 558 of these bonds. The bonds have an

Toronto has issued 15-year bonds to pay for new snowplows, par value of $47 each. You bought 558 of these bonds. The bonds have an annual coupon rate of 6%, payable quarterly.

How much will have you been paid from the coupon payments after 8 years?

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