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Jerry has an opportunity to buy a bond with a face value of $10,000 and a coupon rate of 14 percent, payable semiannually. a. If

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Jerry has an opportunity to buy a bond with a face value of $10,000 and a coupon rate of 14 percent, payable semiannually. a. If the bond matures in five years and Jerry can currently buy one for $3,000, what is his IRR for this investment? b. If his MARR for this type of investment is 20 percent, should he buy the bond? a. The annual IRR is percent. (Round to two decimal places as needed.)

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