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Builtrite bonds have the following: 7 % coupon, 20 years until maturity, $1000 par and are currently selling at $1140. If you would be happy
Builtrite bonds have the following: 7 % coupon, 20 years until maturity, $1000 par and are currently selling at $1140. If you would be happy to make an 6% return, what would you be willing to pay for the bond?
$1058
$1109
$1124
$1172
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