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Builtrite bonds have the following: 5 % coupon, 16 years until maturity, $1000 par and are currently selling at $962. If you want to make

Builtrite bonds have the following: 5 % coupon, 16 years until maturity, $1000 par and are currently selling at $962. If you want to make an 6% return, what would you be willing to pay for the bond?

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