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Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 41/89 coupon rate, 15 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, 41/89 coupon rate, 15 year maturity bond which is currently selling for \$1015. If Jay's required return is 5%5, what would he be willing to pay for the Builtrite bond? $960 $954 $940 $969 $903

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