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UDC issues QR. 490000.00, 15 year strip bonds to yield 5.50% compounded quarterly. Determine the proceeds from the sale of the bonds. NOTE: the number

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UDC issues QR. 490000.00, 15 year strip bonds to yield 5.50% compounded quarterly. Determine the proceeds from the sale of the bonds. NOTE: the number in brackets shows the points value for that blank. It does not form part of your calculatic END/BEG (1) P/Y (1) C/Y (1) N (2) 1/Y (1) 1/4 (1) PV (3) PMT (1) FV (2)

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