Essay
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 $1,000 at maturity?
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