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A 75 Percent Coupon Bond Is Currently Quoted at 89

Question 20

Multiple Choice

A 7.5 percent coupon bond is currently quoted at 89.3 and has a face value of $1,000.What is the amount of each semi-annual coupon payment if you own three (3) of these bonds?


A) $56.25
B) $75.00
C) $100.46
D) $112.50
E) $200.93

Correct Answer:

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