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Bullrite bonds have the following 5 1/2% coupon, 11 years until maturity , $1000 par and are currently selling st $1054. If you want to

Bullrite bonds have the following 5 1/2% coupon, 11 years until maturity , $1000 par and are currently selling st $1054. If you want to make a 5% return, what would you be willing to pay for the bond?

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