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Leigh Delight Candy, Inc. is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and will mature in 10 years and pay. $30 each quarter. The other alternative is a Mars' bond that will mature in 20 years and pay. $30 each quarter. What would be the present value of each bond if the discount rate is. 10% compounded quarterly! and each bond pays $1000 at maturity?

Financial Management, Finance

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