Given the following ATT Ltd. bond information: $1000 par value, maturity 2023 Dec 22 semi-annual coupon 7.75 percent, price 105.50 and yield 7.4 percent. How much interest does it pay annually?
A) $7.50
B) $77.50
C) $7.40
D) $74.00
Correct Answer:
Verified
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