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The Face Value of a 30-Year Coupon Bond Is $100,000

Question 115

Multiple Choice

The face value of a 30-year coupon bond is $100,000.If it pays $1,500 every 3 months,what is its coupon rate?

A) 1.5%
B) 0.06%
C) 6%
D) 4.5%
E) 15%

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