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Bond Valuation. Emma is considering purchasing bonds with a par value of $ 1 0 , 0 0 0 . The bonds have an annual

Bond Valuation. Emma is considering purchasing bonds with a par value of $10,000. The bonds have an annual coupon rate of 6% and six years to maturity. The bonds are priced at $10,402. If Emma requires a 7% return, should she buy these bonds?
If Emma requires a 7% return, the amount she should be willing to pay for the bonds is $
(Round to the nearest dollar.)
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