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Jay Aquire is considering the purchase of the following: a Builtrite, $ 1 0 0 0 par, 6 5 / 8 % coupon rate, 2
Jay Aquire is considering the purchase of the following: a Builtrite, $ par, coupon rate, year maturity bond which is currently selling for $ If Jay purchases this bond for the quoted price and holds the bond for years when current market interest rates are what should he expect to sell the bond for?
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