If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years,what is the size of the coupon payment?

Name: If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years,what is the size of the coupon payment?
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The coupon payment is calculated as the interest rate (7%) multiplied by the face value of the bond ($1,000), which equals $70. Therefore, the correct choice is (C) $70.

If a Corporate Bond with Face Value of $1,000 Has