Multiple Choice
A bond with a 7% coupon that pays interest semi-annually and is priced at par will have a market price of _____ and interest payments in the amount of _____ each.
A) $1,007; $70
B) $1,070; $35
C) $1,070; $70
D) $1,000; $35
E) $1,000; $70
Correct Answer:
Verified
Correct Answer:
Verified
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