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Type 1C: Stacy Cool wants to invest her money to earn at least 143. A friend who is interested in investments has suggested her to
Type 1C: Stacy Cool wants to invest her money to earn at least 143. A friend who is interested in investments has suggested her to buy a bond issued by the Buckeye Bravo Company that will mature in seven years. It has a face value of $1,000, pays an annual coupon of $110, and currently sells for $950. Should she buy this bond? Why or why not
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