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Jay Aquire is considering the purchase of the following: a Builtrite, 51000 par, 6 1/8% coupon rate, 20 year maturity bond which is currently selling

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Jay Aquire is considering the purchase of the following: a Builtrite, 51000 par, 6 1/8% coupon rate, 20 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? 0 $840 0 $861 $882 S904

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