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Jay Aquire is considering the qurchase of a Builtrite, $1000 par, 53/4% coupon rate, 10 year maturity bond which is tilling for $975. What is

Jay Aquire is considering the qurchase of a Builtrite, $1000 par, 53/4% coupon rate, 10 year maturity bond which is tilling for $975. What is the dollar amount of interest that this bond pays annually? $58.75 $57.50 $58,60 $5.68

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