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Builtrite bonds have the following: 5 % coupon, 15 years until maturity, $1000 par and are currently selling at $1024. If you want to make
Builtrite bonds have the following: 5 % coupon, 15 years until maturity, $1000 par and are currently selling at $1024. If you want to make an 5% return, what would you be willing to pay for the bond?
$1052 | ||
$925 | ||
$1019 | ||
$943 |
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