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Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 65/8% coupon rate, 30 year maturity bond which is currently selling for

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Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 65/8% coupon rate, 30 year maturity bond which is currently selling for $1020. If Jay purchases this bond for the quoted price and holds the bond for 5 years when current market interest rates are 8%, what should he expect to sell the bond for? $800 $880 $827 $853

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