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1. A 3.5 percent coupon bond is currently quoted at 91.3 and has a face value of $1,000. What is the amount of each semi-annual

1. A 3.5 percent coupon bond is currently quoted at 91.3 and has a face value of $1,000. What is the amount of each semi-annual coupon payment if you own three (3) of these bonds?

Multiple Choice

$52.50
$110.00
$100.46
$75.00
$200.93

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