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Builtrite bonds have the following: 5 % coupon, 16 years until maturity, $1000 par and are currently selling at $1032. If you want to make

Builtrite bonds have the following: 5 % coupon, 16 years until maturity, $1000 par and are currently selling at $1032. If you want to make an 5% return, what would you be willing to pay for the bond?

$1028

$1036

$1042

$1054

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