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Jay Aquire is considering the purchase of a Builtrite, $1000 par, 5 1/4% coupon rate, 10 year maturity bond which is selling for $975. If

Jay Aquire is considering the purchase of a Builtrite, $1000 par, 5 1/4% coupon rate, 10 year maturity bond which is selling for $975. If Jay's required rate of return is 6%, what would he be willing to pay for the bond? $955 $969 $945 $950

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