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solve with PV, FV, N, I/Y and PMT You are offered to purchase a bond from Payne, Inc for $1090. The market rate for such

solve with PV, FV, N, I/Y and PMT

You are offered to purchase a bond from Payne, Inc for $1090. The market rate for such bonds is currently 7 percent. Payne's Bonds 5-year Bonds currently pay 9.5 percent. Should you, as a rational investor, invest in these bonds? Why or Why not

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