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The exam says it is worth 52 points but that is because one extra question is included (possible extra credit). On our grading scale, the

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The exam says it is worth 52 points but that is because one extra question is included (possible extra credit). On our grading scale, the exams are still worth 50 points. Question 23 2 pts Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 6 1/8% coupon rate, 15 year maturity bond which is currently selling for $1020. If Jay purchases this bond for the quoted price and holds the bond for 5 years when current market interest rates are 8%, what should he expect to sell the bond for? e $874 5891 S008 $925

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