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Tom wants to invest his money and earn at least 14%. A friend who is interested in investing suggests that she buy a bond issued

Tom wants to invest his money and earn at least 14%. A friend who is interested in investing suggests that she buy a bond issued by DIT that will mature in 7 years. The bond has a face value of $1,000, an annual coupon of $110, and is currently selling for $950. Should she buy the bond? Why?

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