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Builtrite bonds have the following: 4 % coupon, 15 years until maturity, $1000 par and are currently selling at $956. If you would be happy
Builtrite bonds have the following: 4 % coupon, 15 years until maturity, $1000 par and are currently selling at $956. If you would be happy to make an 5% return, what would you be willing to pay for the bond?
Group of answer choices $927 $948 $978 $983
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