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FEDERAL WAY, Wash. — In these troubled times of increasing defaults, rising foreclosures and dropping home values, what, exactly is debt worth these days? It’s worth about three cents on the dollar. Even if that’s about what the debt of others is worth, it may actually sell for less, but that’s the price Sharon Hall, CFO of Ascend United here said was the going rate for buyers looking to scoop up loans and other debt others want to get off their books.

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