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?


Hershey's: $1,125.51
Mars': $1,172.26

Business

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