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A 10 per cent, `1000 bond is currently selling for 950. It has a remaining life of five years. If your required rate of return

A 10 per cent, `1000 bond is currently selling for 950. It has a remaining life of five years. If your required rate of return is 11 per cent, will you buy the bond? Assume that interest is payable (a) annually; (b) semi-annually

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