If you purchased a newly issued 30-year bond from American Airlines with a face value of $1,000 and a coupon payment of 3 percent,American Airlines would pay you
A) $33.33 per year for 30 years plus $1,000 at the end of the 30th year.
B) $30 per year for 30 years.
C) $30 per year for 30 years plus $1,000 at the end of the 30th year.
D) $33.33 per year plus 3 percent per year for 30 years.
Correct Answer:
Verified
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