Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 6 7/8% coupon rate, 15 year maturity bond which is currently selling for $1020. If Jay's required return is 10%, what would he be willing to pay for the Builtrite bond? $705 $743 $724 $762

is carrently selling for $1020. H Jays required return is 101. what would he be willing to pay for the Bualtrite bond? sin s743 5762