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Sam has been offered a 10-year bond issued by SB Inc., at a price of $1050.00. The bond has a coupon rate of 8% and

Sam has been offered a 10-year bond issued by SB Inc., at a price of $1050.00. The bond has a coupon rate of 8% and pays the coupon semiannually. Similar bonds in the market offers a yield of 9.5% today. Should Sam buy the bonds at the offered price? (Round to the nearest dollar.)

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