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a)Jessica recognizes that bonds are typically safer than stocks and plans to add bonds to her investment portfolio.Jessica is considering purchasing a bond which is

a)Jessica recognizes that bonds are typically safer than stocks and plans to add bonds to her investment portfolio.Jessica is considering purchasing a bond which is currently priced at $9,550 and which will mature in six years.It has a par value of $10,000 and pays a coupon rate of 8% pa. If Jessica requires a 10% return show with calculation if she should buy this bond? (5 marks)

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