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You Own Twelve (12)6

Question 18

Multiple Choice

You own twelve (12) 6.25 percent coupon bonds with a total maturity value of $12,000.How much will you receive every six months as an interest payment?


A) $213.50
B) $375.00
C) $427.00
D) $540.00
E) $750.00

Correct Answer:

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