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Mary Ann recently inherited $10,000 and is considering purchasing 10 bonds of the Minnow Tour Corporation. The bond has a par value of $1,000 with
Mary Ann recently inherited $10,000 and is considering purchasing 10 bonds of the Minnow Tour Corporation. The bond has a par value of $1,000 with 9 percent coupon rate and will mature in 10 years. Down Mary Ann have enough money to buy 10 bonds if the required rate of return is 10 percent? Why
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