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Nancy Groom Owns a $1,000 Corporate Bond That Pays 6

Question 34

Multiple Choice

Nancy Groom owns a $1,000 corporate bond that pays 6 percent.What is the dollar amount of each semiannual interest payment?


A) $3.00
B) $30.00
C) $60.00
D) $300.00
E) $600.00

Correct Answer:

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