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stu owns bonds of Markley Inc. which he says provides him with a constant 9.6% rate of return. Stu has been approached by an investment

stu owns bonds of Markley Inc. which he says provides him with a constant 9.6% rate of return. Stu has been approached by an investment manager to invest in a 8% bond selling at 82. Should Stu buy the bonds, if the tenure of the bonds is 11 years? if yes, at what price?

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