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Builtrite bonds have the following: 5 % coupon, 20 years until maturity, $1000 par and are currently selling at $1032. If you want to make
Builtrite bonds have the following: 5 % coupon, 20 years until maturity, $1000 par and are currently selling at $1032. If you want to make an 6% return, what would you be willing to pay for the bond?
A.$921
B.$943
C.$1018
D.$1052
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