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1) You have recently inherited $10,000 and are considering purchasing 10 bonds of the Lucky Strike Corporation. The bond has a par value of $1,000
1) You have recently inherited $10,000 and are considering purchasing 10 bonds of the Lucky Strike Corporation. The bond has a par value of $1,000 with 10 percent coupon rate and will mature in 10 years. Does Gong Li have enough money to buy 10 bonds if the required rate of return is 9 percent?
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