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Jay Aquire is considering the purchase of a Builtrite, $1000 par, 4 7/8% coupon rate, 15-year maturity bond which is selling for $950 if Jay's

Jay Aquire is considering the purchase of a Builtrite, $1000 par, 4 7/8% coupon rate, 15-year maturity bond which is selling for $950 if Jay's required rate of return is 6%, what would he be willing to pay for the bond? $990 $962 $991 $890

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