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If Comparable Bonds Are Paying 7 Percent and the Approximate

Question 21

Multiple Choice

If comparable bonds are paying 7 percent and the approximate market value of a $1,000 bond is $1,286,then what is the semiannual interest on the bond?


A) $45
B) $90
C) $100
D) $70
E) $35

Correct Answer:

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