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Assume That You Purchase a $1,000 Bond Issued by Kohls

Question 71

Multiple Choice

Assume that you purchase a $1,000 bond issued by Kohls that pays 8% interest each year,paid semiannually.What is the amount of each interest payment?

A) $4.00
B) $8.00
C) $40.00
D) $80.00
E) $1,000

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