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Question
A bond has a par value of $1,000 and a coupon rate of 6.5 percent. What is the dollar amount of each semiannual interest payment if you own 8 of these bonds?A. $180
B. $260
C. $320
D. $420
E. $840
Answer
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Related questions
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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