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For the Given Bond, Whose Interest Rate Is Provided, Find $2,000\$ 2,000

Question 5

Multiple Choice

For the given bond, whose interest rate is provided, find the semiannual interest payment and the total interest earnedover the life of the bond.
- $2,000\$ 2,000 Max-Mart Stores 5 -year bond at 6.75%6.75 \%


A) $67.50;$675.00\$ 67.50 ; \$ 675.00
B) $60.00;$600.00\$ 60.00 ; \$ 600.00
C) $135.00;$675.00\$ 135.00 ; \$ 675.00
D) $6750.00;$67,500.00\$ 6750.00 ; \$ 67,500.00

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